This study utilizes comparisons and Probit regression analysis to determine the influence of previous migrations and other variables on the likelihood of future migrations of agricultural loan credit risk. The Farm Credit System association data set contains a large number of lender risk-rated...

Loan migration analysis is conducted using a large data set of loan risk ratings in the Farm Credit System. We find path dependence and limited support for a trend reversal pattern. There is evidence that the magnitude of migrations reported in previous credit score proxy studies overstates...

Loan migration analysis is conducted using a large data set of loan risk ratings in the Farm Credit System. We find path dependence and limited support for a trend reversal pattern. There is evidence that the magnitude of migrations reported in previous credit score proxy studies overstates...