Credit Rating Agencies - Publications - Faculty & Research

January 1987 (Revised November 1991)
Case

R.J. Reynolds International Financing

By: W. Carl Kester and William B. Allen

Reynolds must source a substantial portion of the financing of its Nabisco acquisition in offshore bond markets. Morgan Guaranty has proposed a yen/dollar dual currency Eurobond that could be hedged into dollars. This structure is compared to Eurodollar Bonds, Euroyen... View Details

Keywords: Acquisition; Capital Markets; Currency Exchange Rate; Credit Derivatives and Swaps; Bonds; Financing and Loans

Citation

Educators

Purchase

06 Nov 2006
Research & Ideas

How South Africa Challenges Our Thinking on FDI

those countries because people just didn't have credit cards or credit ratings so they could do a monthly billing. Those sorts of innovations might not be unique to a South... View Details

Keywords: by Martha Lagace

Web

HBS Alumni Research Tips: Target list of companies | Baker Library

Business Description using keywords. Click View Results to see the list of companies generated. To export results to Excel, click Download. Note : If there are not sufficient credits to download, end your session and log in again,... View Details

01 Dec 2020
News

Invest in the New Abnormal

globally by 62 percent. Be human when it comes to money. The same principle applies to customers facing financial hardship, says Deshpandé, who encourages firms to initiate crediting and financing, deferral of payments, new payment terms,... View Details

02 Jul 2024
Blog Post

Climate Story #19: Nicole Neeman Brady (MBA 2008): The Critical Role of Business in Tackling Water Challenges

ongoing board capacities. Steeped in the knowledge of what does and does not work in the quest for safe, reliable, and affordable drinking water, Nicole has been working to overcome the repeated challenges that governmental agencies face... View Details

25 Aug 2015
News

Sunset in the East?

countryside are a good first step, but they are woefully inadequate to meet needs. The poorest people still have to spend the most for inadequate health care and education. With the announcement of lower interest rates on View Details

Keywords: Administration of Economic Programs; Government; Real Estate; Health, Social Assistance

23 May 2016
Research & Ideas

A Little Understanding Motivates Copyright Abusers to Pay Up

convert inadvertent users to future customers, especially when there are potentially multiple alternative suppliers. Were there alternatives to explicit legal threats that could be used to increase compliance? Luo and Mortimer began working with a stock photo View Details

Keywords: by Michael Blanding; Media & Broadcasting; Publishing

15 Apr 2014
First Look

First Look: April 15

Institutional Logics By: Ioannou, Ioannis, and George Serafeim Abstract—We explore the impact of corporate social responsibility (CSR) ratings on sell-side analysts' assessments of firms' future financial performance. We suggest that when... View Details

Keywords: Sean Silverthorne

13 Mar 2019
Blog Post

There's No Quick Shortcut to Success: Zorpads Takes Off

in New York City working as a healthcare consultant, and Wiegele, who spends his days working in product marketing for Hot Wheels in Los Angeles, credit their partnerships for allowing them the freedom to explore the creative side of this... View Details

Keywords: Entrepreneurship; Consumer Products / Retail

15 Apr 2013
Research & Ideas

Solving the Search vs. Display Advertising Quandary

The dirty little secret of advertising agencies is that much of their work is pure guesswork. Companies spread out their advertising budgets across channels—a little bit of TV, some print media, a few billboards—and wait for customers to... View Details

Keywords: by Michael Blanding; Advertising

29 Jun 2007
First Look

First Look: June 29, 2007

under severe economic conditions. We show that many structured finance instruments can be characterized as economic catastrophe bonds, but offer far less compensation than alternatives with comparable payoff profiles. We argue that this difference arises from the... View Details

Keywords: Martha Lagace

22 Apr 2015
Op-Ed

Reforming Greece: Myths and Truths

capital encourages business development." They gave a ranking of close to 6 before the crisis and 1.3 in 2014. To make things worse, credit rating agencies imposed filters... View Details

Keywords: by George Serafeim

17 Jul 2009
Research Event

Business Summit: Ethics in Globalization

various forms of potentially unethical behavior. These include greed, unreasonable amounts of leverage, subtle forms of corruption (such as ratings agencies that appear to have had a conflict of interest),... View Details

Keywords: Re: Rafael M. Di Tella

24 Sep 2020
Research & Ideas

Financial Meltdowns Are More Predictable Than We Thought

Red-zone or “R-zone” for short. Countries fall into the “business R-zone” when: Credit extended to firms rises for three years at a rate that reaches the top 20 percent of past experience. Stock market... View Details

Keywords: by Danielle Kost; Financial Services

27 Jan 2009
First Look

First Look: January 27, 2009

matters for innovation, and therefore growth, because it enables the local entrepreneur to put equity into this cooperative venture, which mitigates an agency problem that would otherwise deter the foreign investor from participating. In... View Details

Keywords: Martha Lagace

16 Jul 2014
HBS Case

Marketing Obamacare

unpacks Connecticut's winning strategy, which led to a sign-up rate of about 65 percent of uninsured in the state. Key to the effort, he says, was that the quasi-state agency Access Health CT (AHCT) put... View Details

Keywords: by Michael Blanding; Health

18 Jul 2005
Research & Ideas

Identify Emerging Market Opportunities

example, because the data sources and credit histories that firms draw on in the West don't exist in emerging markets. Market research and advertising are in their infancy in developing countries, and it's difficult to find the deep... View Details

Keywords: by Tarun Khanna, Krishna G. Palepu & Jayant Sinha

01 Dec 1998
News

Year 2000 Computer Problem and You: Disaster for Some, Lessons for All

phone bills at home. Major organizations will be essentially ready. I do expect a period of transition and inconvenience such as we are now experiencing at times with credit cards. And government agencies... View Details

30 Jun 2015
First Look

First Look: June 30, 2015

https://www.hbs.edu/faculty/Pages/item.aspx?num=46138 Forthcoming Accounting Review An Analysis of Self-reported Anticorruption Efforts By: Healy, Paul M., and George Serafeim Abstract—We use Transparency International's ratings of... View Details

Keywords: Carmen Nobel

09 Nov 2010
First Look

First Look: November 9, 2010

legislative and regulatory calls for increased competition. The material entry of a third rating agency (Fitch) to the competitive landscape offers a unique experiment to empirically examine how, in fact,... View Details