4. Suppose you defined the rating as a probability of default, not a reductionof- yield. How would...
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4. Suppose you defined the rating as a probability of default, not a reductionof-
yield. How would you implement this definition in your cash flow model?
What numerical benchmarks would you use as a mapping for the ratings?
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Related Book For
Elements Of Structured Finance
ISBN: 9780195179989
1st Edition
Authors: Ann Rutledge, Sylvain Raynes
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