Esophagitis
发表于 2025-3-23 12:52:25
https://doi.org/10.1007/978-3-8349-9948-1he ordinality allows for the ranking of obligors in terms of relative riskiness. To quantify obligors’ credit risk, probabilities of default are estimated for each rating category; the riskier a rating category is, the higher its PD estimate should be.
STERN
发表于 2025-3-23 14:27:54
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强所
发表于 2025-3-23 21:13:57
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Femish
发表于 2025-3-24 01:32:27
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祖传财产
发表于 2025-3-24 03:21:44
Expert Judgment-based Rating Assignment Processatings, as well as banks’ judgmental rating grades, are usually ordinal measures of credit risk (as opposed to, for example, KMV Moody’s ‘expected default frequencies’ — EDFs), which have been determined by taking into account all relevant available information (both quantitative and qualitative). T
Defraud
发表于 2025-3-24 09:31:15
Global Recovery Rate expressed as a percentage of the exposure at default (EAD) and can also be expressed by its complement 1 — the loss given default (LGD). Given the importance of the GRR parameter (or the LGD) for a bank’s risk-based decision-making, the quality of its estimation can produce a significant competitiv
resilience
发表于 2025-3-24 11:47:52
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bronchiole
发表于 2025-3-24 16:03:52
Rating Assignment on Object Financehe sponsor, who provides the equity and cooperates with a management team. The acquisition is financed by debt (the ‘lever’), which is secured by the assets and/or cash flow of the target company. This implies that the success of an LBO will depend on the target company’s potential to generate cash
生来
发表于 2025-3-24 20:32:23
Pricing in Liquid Markets securities. The equity and fixed income markets have been profitable fields of research (both theoretical and practical) for a long time, while the CDS market has increased its liquidity — and therefore the need for proper tools for analysis — only in recent years. It has been shown that equity-imp
alleviate
发表于 2025-3-25 02:49:00
CDS-implied EDF Credit Measures and Fair-value Spreadsd) EDF (expected default frequency) credit measures that can be compared directly with equity-based EDF credit measures. The model also provides equity-based fair-value CDS spreads (FVS) which can be compared directly with observed CDS spreads.