Discussion of “Bond ratings, bond yields, and financial information”*


  • *

    The author has benefited from the very insightful review comments on an earlier draft of the Ziebart-Reiter paper by Victor L. Bernard and by conversations with Louis Ederington, Michael Crehan (a credit rating analyst at Standard and Poor's), and Ramesh Chandra (the other discussant on the Ziebart-Reiter paper), and by the comments made by participants at the CAR conference.