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Bank of Canada RSS Feedsen2024-03-29T00:58:13+00:00Provincial Credit Ratings in Canada: An Ordered Probit Analysis
https://www.bankofcanada.ca/1996/04/working-paper-1996-6/
The author estimates the relationship between the provincial credit ratings, as assessed by Standard & Poor's, and a number of economic variables, using the ordered probit methodology. All the variables in her estimation prove to be significant. In particular, she finds that downgrades take place at almost the same speed at different levels of the debt-to-GDP ratio, based on a pooled sample of nine provinces.1996-04-02T15:28:56+00:00enProvincial Credit Ratings in Canada: An Ordered Probit Analysis1996-04-02Financial marketsWorking Paper 1996-6 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-6.pdfProvincial Credit Ratings in Canada: An Ordered Probit AnalysisStella CheungApril 1996HH6H63