Credit Rating and Bank-Firm Relationships [electronic resource] : New Models to Better Evaluate SMEs /
Modina, Michele.author.
This book explores the role of the rating system in creditworthiness assessment, looking into its current status, strengths and weaknesses and possible evolution in the light of Basel 3 and the Global Economic Crisis.
Description based upon print version of record.
Cover ; Title ; Copyright; Contents; List of Boxes; List of Figures; List of Tables; Introduction                   ; Part ICredit Rating and Internal RatingSystems; 1 Credit Rating                      ; 1.1 The distinctive features of credit rating                                                    ; 1.2 Literature review                            ; 1.3 Classification and key concepts of credit risk                                                         ; 2 Credit Risk Management
2.1 Credit Risk Management and Internal Rating Based (IRB) approach                                                                          2.2 The approaches for the credit rating assignment                                                          ; 2.2.1 The statistical approach                                     ; 2.2.2 The judgmental approach                                    ; 2.3 Introduction of the IRB methods                                          ; 2.3.1 Characteristics of internal rating systems
2.3.2 Determination of the risk parameters                                                 2.3.3 Requirements of the IRB methods                                            ; 2.4 The innovations introduced by Basel III                                                  ; 3 Internal Rating Systems: A Critical Vision                                                   ; 3.1 Strengths and weaknesses of IRS                                          ; 3.2 Rating and the economic cycle
3.2.1 Alternatives for dealing with rating during the credit cycle                                                                         3.2.2 Stressed PD                        ; 3.2.3 Unstressed PD                          ; 3.2.4 Rating and company analysis: the "hybrid" approach                                                               ; 3.2.5 Implementation of "hybrid" models                                              ; 3.3 Potentiality and criticality of internal rating systems
Part IIToward a New Architecture ofRating4 The Generation of New Models                                     ; 4.1 The need to review rating models                                           ; 4.2 A multistage path                            ; 4.3 The new generation of rating models                                              ; 5 Rating Systems: A Dual Track for Screening and Monitoring                                                                  ; 5.1 Reasons for the dual track
5.2 Operational procedures: some evidence from banking groups
Includes bibliographical references and index.
This book explores the role of the rating system in creditworthiness assessment, looking into its current status, strengths and weaknesses and possible evolution in the light of Basel 3 and the Global Economic Crisis.
Corporations—Finance.
Banks and banking.
Business enterprises—Finance.
Economics.
Management science.
Corporate Finance.
Banking.
Business Finance.
Economics, general.