Sovereign Credit Rating and Yield to Maturity of Government Eurobonds

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dc.contributor.author Torbey, Jose
dc.date.accessioned 2022-10-24T05:51:01Z
dc.date.available 2022-10-24T05:51:01Z
dc.date.copyright 2022 en_US
dc.date.issued 2022-07-26
dc.identifier.uri http://hdl.handle.net/10725/14114
dc.description.abstract Since 2019, Lebanon has been going through one of the worse financial, economic and social crises in centuries. The country is facing very high levels of poverty and unemployment, the local currency has lost more than 90% of its value, and, above all, people can no longer withdraw the money they have placed in Lebanese banks. The country, which is highly indebted, declared bankruptcy after the government announced that the state would not be honoring the payments on the Eurobonds it issued. Looking at data since 2016, it was shown that a change in sovereign credit rating opposingly correlates with the yields to maturity of the government-issued Eurobonds in the case of Lebanon. Moreover, this study argues that both the GDP growth rate and the Inflation may positively moderate the previous relationship by strengthening the negative relationship between the sovereign credit rating and the yields to maturity of the Eurobonds. en_US
dc.language.iso en en_US
dc.subject Economic crisis -- Lebanon -- 21st century en_US
dc.subject Inflation (Finance) -- Lebanon en_US
dc.subject Bankruptcy -- Lebanon en_US
dc.subject Credit ratings -- Lebanon en_US
dc.subject Euro-bond market en_US
dc.subject Lebanese American University -- Dissertations en_US
dc.subject Dissertations, Academic en_US
dc.title Sovereign Credit Rating and Yield to Maturity of Government Eurobonds en_US
dc.type Thesis en_US
dc.title.subtitle The Case of the Lebanese Crises en_US
dc.term.submitted Summer en_US
dc.author.degree MBA en_US
dc.author.school SOB en_US
dc.author.idnumber 201401217 en_US
dc.author.commembers Maalouf, Jamal
dc.author.commembers Marrouch, Walid
dc.author.department Management Studies en_US
dc.description.physdesc 1 online resource (xii, 63 leaves): ill. (some col.) en_US
dc.author.advisor Abi Aad, Amine
dc.keywords Lebanon en_US
dc.keywords Credit Rating en_US
dc.keywords Yield to Maturity en_US
dc.keywords Eurobond en_US
dc.keywords GDP en_US
dc.keywords Inflation en_US
dc.keywords CPI en_US
dc.keywords Default en_US
dc.description.bibliographiccitations Includes bibliographical references (leaves 57-63) en_US
dc.identifier.doi https://doi.org/10.26756/th.2022.448
dc.author.email joseelie.torbey@lau.edu en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/thesis.php en_US
dc.publisher.institution Lebanese American University en_US
dc.author.affiliation Lebanese American University en_US

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