The most fundamental aspect of credit risk models is the rating of the underlying assets and the associated expected … covered a benign credit cycle in the United States. Our results provide important new information for assessing the risk of … corporate loans not only for bankers but also mutual fund investors and analysts of structured financial products, credit …

We estimate the impact of the COVID-19 pandemic on credit risk changes on a large sample of Polish SME firms. The … the sampled firms to credit downgrades, including the likelihood of becoming insolvent and filing for bankruptcy, over the … transitions under multiple potential scenarios, focusing on the deterioration of the SME firms' profits, working capital including …

SME default prediction is a long-standing issue in the finance and management literature. Proper estimates of the SME … risk of failure can support policymakers in implementing restructuring policies, rating agencies and credit analytics firms …- and employee-related variables into SME prediction models can improve their predictive power. To test our hypotheses, we …