Critically analyse the evidence from the research literature (academic journal articles) on the financial market impact of credit ratings actions.

Critically analyse the evidence from the research literature (academic journal articles) on the financial market impact of credit ratings actions.
Your answer must focus on at least two of the following: (i) equity markets; (ii) bond markets; (iii) credit derivatives; (iv) the foreign exchange market; (v) cross-country spillovers.


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