Credit rating agencies analysing IFRS data: a sample of rated companies and their reported information
by Jean-Guy Degos; Oussama Ben Hmiden; Jérémie Aboiron
International Journal of Economics and Accounting (IJEA), Vol. 6, No. 1, 2015

Abstract: This paper explores the size of the differences between reported amounts in accordance with international financial reporting standards (IFRS) and standard accounting adjustments made by the credit rating agencies. From an analysis of French rated companies, we make a comparison between the values obtained through credit rating agencies adjustments and those reported before and after the implementation of IFRS. Our comparability index revealed that credit rating agencies make significant adjustments to reported information. Indeed, considerable differences can be found between the information reported according to IFRS and that adjusted for the main criteria used by the rating agencies, i.e., debt, liquidity and profitability.

Online publication date: Thu, 30-Apr-2015

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