search query: @journal_id 1482 / total: 12
reference: 6 / 12
| Author: | Hirai, N. Tomita, H. |
| Title: | Credit rating in Japan: a progress report |
| Journal: | NRI Quarterly
1996 : WINTER, VOL. 5:4, p. 60-73 |
| Index terms: | ECONOMICS JAPAN CREDIT |
| Language: | eng |
| Abstract: | Given the weakened financial condition of many Japanese companies and the rising risk of nonrecovery and other factors, interest in credit ratings is growing in Japan. Since rating-based regulations for bond issuance were introduced in 1987, the number of published ratings has increased, and about one-third of all publicly traded companies now have ratings on their bonds. Even so, ratings still play a relatively minor role in investor decisions, in part because trading on the secondary market has not been very active. |
SCIMA