This paper explains and documents many issues related to default prediction based on
financial statements. The underlying methodology is completely revealed and addresses many …

… (see Figure 1) may be causing other studies to find their differing patterns of industrylevel …
positive LGD correlation increases investors’ portfoliolevel risk. This correlation held even after …

by Lea V. Carty, David T Hamilton, and Adam Moss study by Moody’s Investors Service, of
interest to anyone holding bank loans in their portfolios, documents the bankruptcy and …

The lack of widely available and comprehensive data of default activity on the corporate
level has encouraged the advance of theories of corporate credit risk far beyond related …

… Drawing directly from Claude Lévi-Strauss, Koskenniemi notes that, at the parole level,
human agents appear as conscious creators of their universe, while, at the langue level, they are …

JEROME S. FONS is an assistant vice president and economist at Moody’s Investors Service.
oody’s credit opinions assess an issuer’s ability to meet its debt obligations in a timely …

… In each of the matrices in Exhibit 9, the diago nal elements are estimates of the probability
of an issuer remaining at the same rating level for the specified time horizon. For example, in …

… This second level 'presupposes that the procedures and rules which govern such tallying …
, it is equally true that, given a very low level of formalism in reaching consent, there need be …

… serum PTH level. Until January 1, 2000, we drew the postexcision rapid PTH level 15 minutes
… If the postexcision quick PTH level is not both less than 65 pg/mL and less than 50% of the …

… All but one of these covariate coefficients are statistically significant at the 1% level of
confidence. The sole exception is the constant term. Any premium associated with the northeastern …