Moody's ratings and regionalization: State government general obligation bonds
Journal of Economics and Finance
For the period 1930, 1931, 1937-1987, the Scheffe's test provides evidence of regionalization in Moody's ratings of state government general obligation bonds. Sub-period analysis indicates a reduction in the extent of regionalization over time. Findings suggest this may be due to a change in the criteria used in rating such bonds. However, further study is necessary on this topic. The results also suggest that further study is necessary on the question of why two political-economic variables show no regionalization and the meaning of this finding to bond ratings. © 1992 Springer.
Original Publication Date
DOI of published version
Uyar, Bulent; Escarraz, Donald R.; and Oldfield, Kenneth, "Moody's ratings and regionalization: State government general obligation bonds" (1992). Faculty Publications. 4478.