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S&P Credit Research2798 word report
published Nov 05, 2009
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$500.00 available for immediate download
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S&P Credit Research
| Abstract: | There are two different approaches to credit analysis and each has its role and purpose. Fundamental credit analysis performed by professional credit analysts remains, in our view, the most powerful type of credit analysis for market participants who take credit risk. However, it may not always be the fastest or the cheapest mode of analysis. Quantitative credit models introduced over the past 20 years can provide low-cost, high-speed alternatives, but they inherently lack the ability to capture qualitative nuance or to filter out those times when market participants may not be acting rationally. Sometimes, too, highly complex credit models can rely on assumptions for which the empirical support may not be relevant to--or sufficient to address--conditions going forward. Because of
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit Policy: On The Art And Science Of Credit Analysis Publication date: 05-Nov-2009 Chief Credit Officer: Mark Adelson, New York (1) 212-438-1075; mark_adelson@standardandpoors.com There are two different...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
