Quote There may be other ways to do credit risk, but the above is fairly simple, once you have the matrix of probabilities, which you have to get from somewhere (either ask a rating agency or take daveangel's advice and ask a chocolate teapot) Credit migration as a risk analysis tool went out with the ark. just becuase its simple doesn't make it right. and you will find that it is your approach that is tantamount to asking a chocolate teapot.
Last edited by daveangel
on October 15th, 2009, 10:00 pm, edited 1 time in total.
knowledge comes, wisdom lingers