Is a Bond Rating Downgrade Bad News, Good News, or No News for Stockholders?

• 1 December 1993
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 48  (5) , 2001-2008
• https://doi.org/10.2307/2329078

Abstract

Keywords

• DOWNGRADES
• BOND RATING
• ANTICIPATED
• STOCKHOLDERS
• GOOD NEWS
• BAD NEWS
• DOWNGRADE BAD
• RATING DOWNGRADE