英文文献:Credit Score Migration Analysis Of Farm Businesses: Conditioning On Business Cycles And Migration Trends-农业企业的信用评分迁移分析:适应商业周期和迁移趋势
英文文献作者:Phillips, Jill,Katchova, Ani L.
英文文献摘要:
This study examines credit score migration rates of farm businesses. We test whether migration probabilities differ across business cycles. Our results suggest that agricultural credit ratings are more likely to improve during expansions and deteriorate during recessions. We also test whether agricultural credit ratings depend on the previous period migration trends. Our results show that credit score ratings exhibit trend reversal where upgrades (downgrades) are more likely to be followed by downgrades (upgrades).
本研究考察了农业企业的信用评分迁移率。我们测试迁移概率是否在商业周期中有所不同。我们的结果表明,农业信用评级更有可能在经济扩张期间得到改善,在经济衰退期间恶化。我们还测试了农业信用评级是否取决于前一时期的迁移趋势。我们的结果显示,信用分数评级呈现出趋势逆转,在这种情况下,升级(降级)更有可能紧随其后的是降级(升级)。


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