Case Study: DBRS Sovereign Rating of Portugal. Analysis of Rating Methodology and Rating Decisions

This paper examines the DBRS sovereign credit rating methodology and its rating decisions on Portugal. The paper identifies country-specific risk factors and technical specifications that justify the agency’s issuance of Portugal’s investment-grade notation throughout the sovereign debt crisis – which preserved Portugal’s access to the ECB bond purchase program. Both qualitative and empirical findings show… Continue reading Case Study: DBRS Sovereign Rating of Portugal. Analysis of Rating Methodology and Rating Decisions