EXPLORING THE RELATIONSHIP BETWEEN CDS AND RATING ANNOUNCEMENTS: A LITERATURE REVIEW AND FUTURE RESEARCH DIRECTIONS

Year 2013, Volume: 5 Issue: 1, 298 - 309, 01.06.2013

Rosella Carè Annarita Trotta Giusy Cavallaro

Abstract

This paper proposes a systematic literature review for exploring the relationship
between CDS and rating announcements. To achieve this purpose, we have
isolated and explored the primary relevant fields in the literature and discussed the
findings. The value added of this preliminary work can be identified in the effort
to identify new and promising research areas for future work.

Keywords

CRAs, Credit Default Swap, Rating Announcements

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