01676cas a2200241 a 4500 AALejournalIMF006447 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455200764 1018-5941 BD-DhAAL BD-DhAAL Jaramillo, Laura. Determinants of Investment Grade Status in Emerging Markets / Laura Jaramillo. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Emerging market countries seek investment grade status to lower financing costs for the sovereign, expand the pool of potential investors to institutional investors, and allow corporates the possibility of reducing their borrowing costs. Using a random effects binomial logit model on a sample of 48 emerging markets, the paper finds that, to a large extent, investment grade rating assignments can be explained by a handful of variables. The results also suggest that efforts by emerging markets to increase the likelihood of an upgrade should focus on debt indicators rather than the other key determinants of investment grade status. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/117 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/117/001.2010.issue-117-en.xml IMF e-Library