Bayar, Yilmaz2024-09-292024-09-292012978-80-248-2835-02464-69702464-6989https://hdl.handle.net/20.500.14619/81516th International Scientific Conference on Managing and Modelling of Financial Risks -- SEP 10-11, 2012 -- Ostrava, CZECH REPUBLICThe subprime crisis which emerged in the US at the end of 2007 turned to global financial crisis as of September 2008. Fiscal stimulus packages, nationalization of banks and private debt to alleviate the negative effects global financial crisis over national economies together with decreases in tax revenues as a consequence of economic contraction caused deterioration in public finances all over the world. The sharp deterioration in public finances raised investor concerns about sovereign risk and caused to question the sharp adjustments of sovereign risk ratings by the major world agencies, Fitch, Standard and Poor's and Moody's. The Eurozone sovereign debt crisis caused to raise questions about the credit rating agencies which failed to predict many crises such as Mexican and Asian currency crises one more time. The purpose of this study is firstly to examine sovereign risk rating methodologies briefly and then evaluate the sovereign risk ratings as an early warning indicator for the investors in consideration of Eurozone sovereign debt crisis.eninfo:eu-repo/semantics/closedAccessGlobal financial crisisEurozone sovereign debt crisissovereign risksovereign risk ratingConference Object3222WOS:000317528600002N/A