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Model Of Rating In Energy Industry

Author

Listed:
  • Diana Andone

    (Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj, Romania)

Abstract

The latest findings evidenced rating as an additional safety measure in the capital market. The financial crisis which affected thousands of companies and banks imposed as a necessity that as well as the annual financial reports the company’s rating be a listed at the stock exchange. Although a company’s rating is established in advance by rating agencies many papers try to find ways of evaluating risk by particular applicable to a certain field. The research that we have conducted aligns itself with such model of research in the field of energy. The paper presents a way of rating energy companies based on an aggregate model with three components: own model, a model of aggregate bank and a model of credit scoring aggregate. The model thus constructed was tested on two energy companies, namely: OMV Petrom SA and Romgaz SA.

Suggested Citation

  • Diana Andone, 2017. "Model Of Rating In Energy Industry," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 205-213, July.
    • Handle: RePEc:ora:journl:v:1:y:2017:i:1:p:205-213
    as

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    File URL: http://anale.steconomiceuoradea.ro/volume/2017/n1/19.pdf
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    References listed on IDEAS

    as
    1. Amato, Jeffery D. & Furfine, Craig H., 2004. "Are credit ratings procyclical?," Journal of Banking & Finance, Elsevier, vol. 28(11), pages 2641-2677, November.
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    More about this item

    Keywords

    rating; scoring; bankin; liquidity; bankruptcy;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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