Municipal Bond Insurance Premium, Credit Rating and Underlying Credit Risk

Author(s):  
Gao Liu
2020 ◽  
pp. 275-348
Author(s):  
Terence M. Yhip ◽  
Bijan M. D. Alagheband

2012 ◽  
Vol 50 (No. 3) ◽  
pp. 105-109
Author(s):  
H. Sůvová

This article presents holistic concepts of companies’ assessments intended for two basic groups of users: internal and external. Companies’ assessments concentrated only on financial perspective are very single-track and already obsolete and therefore, further perspectives are used to complete companies’ assessments. Among concepts intended for internal assessments, the so-called balanced scorecard approach has developed since late nineties. This concept helps in company’s strategic management. Moreover, there is a concept of EFQM Excellence model introduced at the beginning of nineties for assessing applications for the European Quality Award, but has become widely used for company assessment and management. The third mentioned concept is intended for credit risk assessment is credit rating. The development of methodology of the holistic assessment of Czech farm businesses may be a good tool for different external and internal users.


2001 ◽  
Vol 53 (5) ◽  
pp. 497-508 ◽  
Author(s):  
Jean Dermine ◽  
Fatma Lajeri

Author(s):  
Mccormick Roger ◽  
Stears Chris

This chapter first discusses the origins of the financial crisis, highlighting practice of ‘packaging and selling’ credit risk by financial market participants that led up to the crisis. It argues that although, in retrospect, many aspects of that practice look very bad indeed, the idea that banks might originate a credit exposure and then transfer the credit risk attached to it to a third party was, before the financial crisis, considered to be part and parcel of sound risk management. The discussion then turns to credit-rating agencies. Analysis of the financial crisis and ‘what went wrong’ has shown that rating agencies were too generous with their rating of many of the structured products that contributed to the collapse.


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