4. Suppose you defined the rating as a probability of default, not a reductionof- yield. How would...

Question:

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?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Elements Of Structured Finance

ISBN: 9780195179989

1st Edition

Authors: Ann Rutledge, Sylvain Raynes

Question Posted: