undergraduate thesis
Relationship between countries credit rating and their indebtness

Ana Bojničić (2016)
University of Pula
Faculty of economics and tourism "Dr. Mijo Mirković"
Metadata
TitlePovezanost zaduženosti i kreditnog rejtinga
AuthorAna Bojničić
Mentor(s)Ines Kersan-Škabić (thesis advisor)
Abstract
Rad istražuje povezanost kreditnog rejtinga i zaduženosti. Kreditne rejting agencije odigrale su važnu ulogu u financijskoj krizi koja je započela u SAD-u, a potom se prelila u Europu. Njihova upletenost u precjenjivanje ocjena hipotekarnih kredita dovela je do propasti mnoge banke i naposljetku do zaoštravanja kriterija po kojima su se do tada zemlje zaduživale. Kolaps bankarskog sustava u Europi zemlje su spašavale pomoću financijske pomoći europskih institucija, čiju pomoć i danas otplaćuju zbog loših kreditnih rejtinga i slabijeg pristupa tržištu kapitala. Analizom determinanti koje pojedine rejting agencije koriste u procjeni rizika zemlje pokušava se vidjeti koji faktori najviše utječu na određivanje kreditnog rejtinga. Visina kreditnog rejtinga je određena visinom inozemne zaduženosti pojedine zemlje, a samim time je i određena dugoročna kamatna stopa obveznica odnosno zemlje koje imaju najmanji kreditni rejting imaju i najveći trošak zaduživanja.
Keywordscredit rating credit rating determinants external debt indebtedness indicators (indicators of debt management)
Parallel title (English)Relationship between countries credit rating and their indebtness
Committee MembersLela Tijanić (committee chairperson)
Ines Kersan-Škabić (committee member)
Kristina Afrić Rakitovac (committee member)
GranterUniversity of Pula
Lower level organizational unitsFaculty of economics and tourism "Dr. Mijo Mirković"
PlacePula
StateCroatia
Scientific field, discipline, subdisciplineSOCIAL SCIENCES
Economics
International Economics
Study programme typeuniversity
Study levelundergraduate
Study programmeBusiness Economics; specializations in: Finance, Accounting and Auditing, Marketing Management, Management and Entrepreneurship, Tourism, Business Informatics
Study specializationFinance
Academic title abbreviationuniv.bacc.oec.
Genreundergraduate thesis
Language Croatian
Defense date2016-11-02
Parallel abstract (English)
This paper studies the connection between credit rating and indebtedness, analysing the factors which rating agencies are using in risk assessment of a country and tries to determine which factors have the most effect on a rating score. Credit rating agencies played an important role in the financial crisis which began in the United States and had a spill over effect in Europe. Because of the overrated mortgage loans, many banks collapsed and therefore borrowing criterion are tightened. The collapse of the banking system in Europe, countries are trying to save with the financial help from EU institutions and they are still repaying it because of the bad credit rating scores and low access to capital markets.The credit rating is determined by the amount of external debt of a country and consequently the long-term interest rate on bonds is determined, meaning that countries which have the lowest ratings have the highest cost of borrowing.
Parallel keywords (Croatian)kreditni rejting determinante kreditnog rejtinga inozemna zaduženost pokazatelji zaduženosti
Resource typetext
Access conditionOpen access
Terms of usehttp://rightsstatements.org/vocab/InC/1.0/
URN:NBNhttps://urn.nsk.hr/urn:nbn:hr:137:885158
CommitterTihana Gerić