Determinanty ratingów kredytowych krajów strefy euro
Determinants of euro zone countries’ credit ratings

Summary/Abstract: The aim of this article is to examine the influence of the determinants on the 19 euro zone countries’ credit ratings assigned by Standard & Poor’s Financial Service. The hypothesis was posed that: If the level of economic, trade development and the economy stability increase, the country’s credit rating rises. There are proposed static panel data models based on data from the years 2000-2015 obtained from Reuters Eikon. As the dependent variable short-term and long-term credit ratings given by S&P’s are used. The ratings are decomposed lineary on the numeric variables. As the dependent variables the macroeconomic factors are used. The results are compared with forecasts of Standard & Poor’s Financial Service. In addition, results are compared with trends in countries’ credit ratings.

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