Do Rating Announcements convey new Information?

Diploma Thesis from the year 2010 in the subject Economics - Statistics and Methods, grade: 1,3, University of Tubingen, language: English, abstract: Rating agencies play an important role on the capital markets; however, during the financial crisis 2007-2009 people began to question how good their assessments of credit quality really are. In my study, I empirically examine the effect of rating an...