Accès ouvert

A proposed quantitative credit-rating methodology for South African provincial departments

Article scientifique 2016 Anglais

Résumé

The development of subnational credit-rating methodologies affords benefits for subnationals, the sovereign and its citizens. Trusted credit ratings facilitate access to financial markets and above-average ratings allow for the negotiation of better collateral and guarantee agreements, as well as for funding of, for example, infrastructure projects at superior (lower) interest rates. This paper develops the quantitative section of a credit-rating methodology for South African subnationals. The unique characteristics of South African data, their assembly, and the selection of dependent and independent variables for the linear-regression model chosen, are discussed. The methodology is then applied to the provincial Department of Health using linear regression modelling.

Citer ce document

Fourie, E., Verster, T., Vuuren, G. (2016). A proposed quantitative credit-rating methodology for South African provincial departments. https://doi.org/10.17159/2222-3436/2016/v19n2a3

Accès au document

Voir sur le dépôt source

Ce document est hébergé sur son dépôt institutionnel d'origine.

Auteur(s)

Erika Fourie Tanja Verster Gary Wayne Van Vuuren

Statistiques

Consultations : 3

Téléchargements : 0