The Determinants of Brazilian Banks' Credit Rating Levels
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Abstract
The purpose of this study is to identify the determinants of listed Brazilian banks' credit ratings during the period 2006-2015. We applied an ordered logistic model, using an unbalanced panel. Results show evidence that profitability, liquidity, asset adequacy and quality, and size variables significantly affect bank credit-rating levels. Findings also suggested that credit ratings trended down, which could be explained by the significant contraction of economic activity in Brazil during the period.
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How to Cite
Lima, F. G., Fonseca, C. V. C., Silveira, R. L. F., & Assaf Neto, A. (1). The Determinants of Brazilian Banks’ Credit Rating Levels. Journal of Contemporary Administration, 22(2), 178-200. https://doi.org/10.1590/1982-7849rac2018160373
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