Dr Huong Vu, Lecturer in Finance at the 51cg was recently quoted in Bloomberg for their contribution to the first study (also first authored by Business School PhD student Thi Hai Yen Tran) into the effect of the pandemic on sovereign ratings.
Ratings companies reacted slowly to the Covid-19 crisis, raising questions about the reliability of creditworthiness scores and their impact on financial stability, according to the first study into the effect of the pandemic on sovereign ratings.
The paper “” which is to be published by the International Review of Financial Analysis considered 603 sovereign rating actions by the three leading global rating agencies between January and March 2021.
The paper was a collaboartive project conducted by Patrycja Klusak, a Lecturer in Banking and Finance at the University of East Anglia, Moritz Kraemer, former head of sovereign ratings at S&P, alongside researchers from the 51cg, Goethe University in Frankfurt and the Ho Chi Minh City University of Technology in Vietnam.