Empirical evolution of credit risk over a decade in IBEX. 35 companies and its relationship with the qualification of its ratings

Purpose: The present work responds to two objectives. On the one hand, it describes the evolution of the main economic-financial indicators that influence credit risk (insolvency) for a sample of 10 Spanish companies listed on the IBEX 35.This analysis is studied for a comparative period of 10 years...

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Bibliographic Details
Author: Patau Brunet, Josep
Format: article
Publication Date:2020
Country:España
Institution:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repository:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:20.500.12367/2462
Online Access:https://hdl.handle.net/20.500.12367/2462
Access Level:Open access
Keyword:Credit risk
Insolvency
Credit evaluation (rating)
Description
Summary:Purpose: The present work responds to two objectives. On the one hand, it describes the evolution of the main economic-financial indicators that influence credit risk (insolvency) for a sample of 10 Spanish companies listed on the IBEX 35.This analysis is studied for a comparative period of 10 years, which coincides with a pre-crisis stage (2002-2005) and an economic post-crisis phase (2012-2015).On the other hand, it corroborates the relationship between the analysed insolvency and the rating or credit-risk rating published for these companies by an internationally recognized credit rating agency, Standard& Poor's (S & P). [...]