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Author
Publisher
Academic
Pub. Date
©2009
Physical Desc
1 online resource (xii, 266 pages) : illustrations
Language
English
Description
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 straightforwardness of the approach, and to the upcoming new capital accord (Basel II), which allows banks to base their capital requirements on internal as well as external rating systems. Because of this, sophisticated...
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