A multiple discriminant analysis of BHC commercial paper ratings
Journal of Banking and Finance
In the Peavy-Edgar (1983) model, the size of the larger issuers appear to overcome significant differences in other variables. It may be that the rating agencies are focusing on the percieved importance of large banks to the financial system. As the claims of large creditors may be reduced in regulatory efforts to maintain the operations of an individual institution, more information about international risk exposure appears needed for bank holding company paper ratings to be valid. © 1986.
Original Publication Date
DOI of published version
Murphy, James M. and Rappaport, Allen, "A multiple discriminant analysis of BHC commercial paper ratings" (1986). Faculty Publications. 4767.