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The Home Bias in Sovereign Ratings
Social Science Research Network
Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the economic and political fundamentals of rated countries. This article discusses how the home country of rating agencies could affect rating decisions as a result of political economy influences and culture. Using data from nine agencies based in six countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we usedoi:10.2139/ssrn.2370374 fatcat:i7jqq2fm5vbrbd4wglambvxqlm