This paper discusses two of the primary motivating influences on the recent development/revisions of credit scoring models, - the important implications of Basel II’s proposed capital requirements on credit assets and the enormous amounts and rates of defaults and bankruptcies in the United...

This paper has examined two specific aspects of stage 1 of the (BIS´s) Bank for International Settlement´s proposed reforms to the 8% risk-based capital ratio.(...)

This paper analyzes the association between aggregate default and recovery rates on credit assets, and seeks to empirically explain this critical relationship. We examine recovery rates on corporate bond defaults, over the period 1982-2002.(...)