Lasantha, RuwanTawiah, VincentAtif, MuhammadPuwanenthiren, PremNadarajah, Sivathaasan2024-08-092024-08-092024Ruwan Lasantha, Vincent Tawiah, Muhammad Atif, Prem Puwanenthiren, Sivathaasan Nadarajah, Unveiling the impact of foreign competition on the bond market: Insights from S&P debt ratings, Economics Letters,Volume 241,2024,111797,ISSN 0165-1765, https://doi.org/10.1016/j.econlet.2024.111797.http://repository.kln.ac.lk/handle/123456789/27957This study investigates the influence of foreign competition on U.S. firms’ debt ratings. The findings reveal a significant downgrade in ratings with increased foreign competition, in particular affecting firms with prospector strategies, low organizational capital, high information asymmetry, weak governance, and reshaping creditworthiness assessment.Foreign competition, Debt ratings, Governance, Creditworthiness