Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10001423510
Bank internal ratings of corporate clients are intended to quantify the expected likelihood of future borrower defaults. This paper develops a comprehensive framework for evaluating the quality of standard rating systems. We suggest a number of principles that ought to be met by 'good rating...
Persistent link: https://www.econbiz.de/10009767692