| Article ID: | iaor19951735 |
| Country: | United States |
| Volume: | 6 |
| Start Page Number: | 174 |
| End Page Number: | 201 |
| Publication Date: | Mar 1994 |
| Journal: | Public Budgeting and Financial Management |
| Authors: | Khan A. |
| Keywords: | management, finance & banking, economics, government, statistics: inference, statistics: regression |
Bond rating studies have received and continue to receive considerable attention in the literature on government finance. This study focuses on two major issues of municipal bond ratings that occupy the center-state of these discussions: What characteristics does a rating institution analyze when assigning rating to a government? How significant are these characteristics in predicting the ratings given by these institutions? Using a combination of economic, financial, and demographic factors, the study reexamines these questions on a select group of cities.