Rating Based Modeling of Credit Risk: Theory and Application of Migration Matrices by Svetlozar T. Rachev, Stefan Trueck

Rating Based Modeling of Credit Risk: Theory and Application of Migration Matrices

Academic Press Advanced Finance

Svetlozar T. Rachev, Stefan Trueck

266 pages missing pub info (editions)

nonfiction business economics informative medium-paced
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In the last decade rating-based models have become very popular in credit risk management. These systems use the rating of a company as the decisive variable to evaluate the default risk of a bond or loan. The popularity is due to the straightforw...

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