Abstract:This study aims to analyze the relevant factors in determining credit rating agency (CRA) rating actions for international maritime companies. The public disclosures regarding the credit rating actions within annual reports and the credit rating agencies' websites are analyzed by applying a content analysis for the period 2000-2017. The results of the content analysis indicate that the factor of "market conditions" has been disclosed as the main credit rating action determinant by the CRAs. This finding is in … Show more
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