TY  - JOUR
AB  - Purpose– The purpose of this paper is to analyse the quantitative determinants of individual ratings of commercial banks (as conducted by Fitch Ratings).Design/methodology/approach– The ordered probit model is applied as an extension of the standard binary probit model. The model is estimated using a sample of 681 international banks.Findings– Banks with a greater capitalisation, larger assets, and a higher return on assets have higher bank ratings. Further, the greater is a bank's liquidity, the larger is its net interest margin and the more is the ratio of its operating expenses to total operating income the lower is a bank's rating.Originality/value– Modelling the determinants of international bank ratings spanning a sample of 90 countries. Applying a model with dynamics that considers whether the rating is determined by information up to four years prior to the rating date.
VL  - 17
IS  - 2
SN  - 1358-1988
DO  - 10.1108/13581980910952586
UR  - https://doi.org/10.1108/13581980910952586
AU  - Matousek Roman
AU  - Stewart Chris
ED  - Jens Hagendorff
PY  - 2009
Y1  - 2009/01/01
TI  - A note on ratings of international banks
T2  - Journal of Financial Regulation and Compliance
PB  - Emerald Group Publishing Limited
SP  - 146
EP  - 155
Y2  - 2024/05/06
ER  -