Credit Ratings: Methodologies, Rationale and Default Risk
| Author | : | |
| Rating | : | 4.44 (580 Votes) |
| Asin | : | 1899332693 |
| Format Type | : | paperback |
| Number of Pages | : | 535 Pages |
| Publish Date | : | 2013-12-19 |
| Language | : | English |
DESCRIPTION:
Ong is an Executive Vice President and Chief Risk Officer for the Americas for Credit Agricole Indosuez in New York. He was previously also responsible for quantitative research at Chicago Research and Trading Group (now Nations Banc-CRT) and has served as an assistant professor of mathematics at Bowdoin Coll
A Customer said A Taxonomy of Credit Models. This well edited collection of the most critical and state-of-the-art models in both asset-level and portfolio credit models is a must have for any serious practitioner in the credit markets.The subjects range from simple loan scoring approaches to complex CDO portfolio rating approaches and span every asset and approach in-between.An excellent reference for credit risk managers and portfolio managers alike.
People concerned with credit risk evaluation will find it a useful acquisition. -- John Hull. The book contains a wealth of useful ideas
The reader is also provided with background information on the Basel Committee's "Internal Ratings Based Approach" that they should be aware of when implementing their own internal ratings systems.. Additionally, this book offers insight on corporate failures - such as Enron - in relation to how different aspects of rating and scoring systems may be flawed. This title comprises critical analysis and discussion on the methodologies used and implemented by, not only the major rating agencies, who are involved in producing public ratings, but also those rating systems used internally by institutions. In a time of numerous corporate failures, companies need to be increasingly certain that they are minimising their risk and managing their exposures (such as corporate lending) correctly. This title brings together views from the ratings agencies themselves, the founders of different rating systems, credit practitioners involved in implementing their own internal rating systems and those who represent the regulatory bodies that are monitoring ratings processes