Rozpoznawalność agencji ratingowych a wpływ na kursy akcji
Recognition of Credit Rating Agencies and Their Impact on the Stock Prices

Summary/Abstract: The aim of this article is to examine the impact of credit rating changes on the rate of return of stock prices of selected European banks. In covers literature reviews and gives hypotheses: the banks’ credit ratings changes significantly the influence on the abnormal rates of return of stock prices for both increasing and decreasing notes; the impact on the strength of banks’ stock prices on credit rating changes is determined by the political division. The data were collected from the Thomson Reuters database. For analysis the daily logarithmized rates of return of stock prices and long-term banks’ credit ratings are used. The hypotheses were verified by taking the event study methodology.

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