A Re-Examination of Rating Shopping and Catering Using Post-Crisis Data on CDOs

13 Pages Posted: 25 Aug 2016

See all articles by Robert Owlett

Robert Owlett

Claremont McKenna College

Fan Yu

Claremont McKenna College - Robert Day School of Economics and Finance

Date Written: August 23, 2016

Abstract

We re-examine rating shopping and catering among CDOs by replicating a portion of Griffin, Nickerson, and Tang (2013) using post-crisis data. Our results are consistent with continued rating shopping and diminished rating catering behavior after the great financial crisis.

Keywords: collateralized debt obligations, credit rating agencies, credit spread, rating shopping, rating catering

JEL Classification: G14, G24, G28

Suggested Citation

Owlett, Robert and Yu, Fan, A Re-Examination of Rating Shopping and Catering Using Post-Crisis Data on CDOs (August 23, 2016). Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 2828789. Available at SSRN: https://ssrn.com/abstract=2828789 or http://dx.doi.org/10.2139/ssrn.2828789

Robert Owlett

Claremont McKenna College ( email )

500 E. Ninth Street
Claremont, CA 91711
United States

Fan Yu (Contact Author)

Claremont McKenna College - Robert Day School of Economics and Finance ( email )

500 E. Ninth St.
Claremont, CA 91711-6420
United States
(909)607-3345 (Phone)

HOME PAGE: http://www.cmc.edu/academic/faculty/profile.asp?Fac=553

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