This handbook presents a systematic overview of approaches to, diversity, and problems involved in interdisciplinary rating methodologies. Historically, the purpose of ratings is to achieve information transparency regarding a given body’s activities, whether in the field of finance, banking,...

Regulation of risks in banking is driven by evolution of financial intermediation and markets, and vice versa. The study analyzes a changing nature of financial institutions' regulatory and supervisory trends in emerging markets over last 20 years, providing outlook for the future. Although the...

Models for assessing the probability of default play an important role in the risk management systems of commercial banks, as they allow assessing the creditworthiness of various counterparties and transactions. Many Russian banks are trying to switch to an advanced approach based on internal...

Foreword -- Preface -- Acknowledgements -- Contents -- Part I: General Approaches to Ratings -- Chapter 1: Ratings as Tools of Informational Transparency -- 1.1 Evolution of the Understanding of Rating -- 1.1.1 What Is Success and Successfulness? -- 1.1.2 How Can Success Be Measured? -- 1.1.3 So...