2. Log in to the Moodys KMV Web site at www.moodyskmv.com . This site contains a number...
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2. Log in to the Moody’s KMV Web site at www.moodyskmv.com . This site contains a number of case studies showing how the probability of default (termed the expected default frequency or EDF ) changes as default comes closer. Compare the information provided by the EDFs with that provided by the credit ratings.
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