This paper focuses on corporate rating delivery process in terms of localization criteria differentiation. Corporate rating is conceived as a default predictor. We conduct a comprehensive study of the existing literature on the corporate default models, outlining the weak and the strong points,...

This paper consists of a practical approach on corporate default valuation according to the localization criteria. There will be conducted a case-study on two samples of companies, one located into developed countries, the other into emerging countries, in order to highlight out potential...