authorities are interested in the resultsbecause banks actually want to introduce portfolio based credit riskmodels to calculate …

Credit risk refers to the risk of incurring losses due to unexpected changes in the credit quality of a counterparty or …. We consider individual as well as correlated credit risks. -- compensator ; intensity ; credit risk ; default risk … issuer. In this paper we give an introduction to the modeling of credit risks and the valuation of credit-risky securities …