Ergebnis des Modells kann festgehalten werden, dass die Zulassung von internem Rating zur Festlegung der regulatorischen … of this regime for the investment incentives of banks in rating systems and the resulting welfare consequences. This is … the reason why the dissertation focuses on the following questions: 1. Which incentives for investments in rating systems …

The aims of this paper are twofold: first, we attempt to express the threshold of a single “A” rating as issued by … major international rating agencies in terms of annualised probabilities of default. We use data from Standard & Poor’s and … Moody’s publicly available rating histories to construct confidence intervals for the level of probability of default to be …

This thesis aims at analyzing the impact of model specification on credit rating models as used by banks to forecast … model specification has a strong impact on the quality of rating models. In particular it is emphasized that mixed logit … models offer well interpretable credit rating models with high forecasting power. …