ESG债务工具发行人信用评级的作用

IF 1 Q4 ENVIRONMENTAL STUDIES

Ekonomia i Srodowisko-Economics and Environment Pub Date : 2023-05-13 DOI:10.34659/eis.2023.84.1.515

Sylwia Frydrych

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引用次数: 0

摘要

本文的目的是评估ESG债务工具发行人接受一家以上信用评级机构的信用评估是否会影响发行数量和平均发行金额。采用观察法和文献分析法进行实证研究。在分析期间，53.38%的发行人获得了标普、穆迪和惠誉至少一个评级机构的评级。研究结果表明，ESG债务工具的数量和平均发行金额受到发行人评级数量的影响。从Refinitiv Eikon收集的2012年至2021年期间的数据库可以让我们得出结论，拥有两个信用评级就足够了。本研究的结论可用于ESG项目的融资过程。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The role of credit rating of the ESG debt instruments issuers

The aim of this article is to assess whether having a creditworthiness assessment from more than one credit rating agency by issuers of ESG debt instruments affects the number of issues and the average amount issued. The empirical research was carried out using the observation method and the analysis of source documents. In the analysed period, 53.38% of issuers received ratings at least from one CRAs as S&P, Moody’s, and Fitch. The results of the conducted research indicate that the number of ESG debt instruments and the average issue amount were affected by the number of ratings given to the issuer. A database collected from Refinitiv Eikon for the period between 2012 and 2021 allows us to conclude that it is enough to have two credit ratings. The conclusions of this study can be used in the process of obtaining financing for ESG projects.

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来源期刊

Ekonomia i Srodowisko-Economics and Environment ENVIRONMENTAL STUDIES-

CiteScore

0.70

自引率

25.00%

发文量