Influence of Rating Agencies on Pricing of Bonds

Student: Kurochkin Vadim

Educational Programme: Economics (Bachelor)

Year of Graduation: 2020

In this paper, we investigate changes in bond prices associated with announcements and publications of rating agencies. The data used in this work will be taken from the Financial Cbonds system and analyzed using statistical packages (STATA) to obtain significant results that will be interpreted and lead us to conclude whether rating agencies influence bond markets or not. If rating agencies really influence the securities market, it will be necessary to find out how great this effect is, whether it is consistent, long-lasting, important and unpredictable.

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