The seminar examines in detail the default probability and how it can evolve over time. It also discusses the relationship between credit ratings and credit spreads, and credit scoring models.

 

At the end of Intrinsic Value's training seminar in default and credit migration the participant should be able to:

􀂅  Define and Discuss Default  Probabilities  and  Term  Structures  of  Default

     Rates.

􀂅  Define Credit Ratingsn Demonstrate Measurement of Rating Accuracy.

􀂅  Describe the Methodology of Credit Rating followed by Rating Agencies.

􀂅  Demonstrate    Transition    Matrices,    Default    Probabilities    and   Credit

     Migrationas done by Rating Agencies.

􀂅  Explain Credit Scoringn Discuss the Estimation of the Probability of Default.

􀂅  Demonstrate Market-Implied Default Probabilities.

􀂅  Explain Credit Rating and Credit Spreads.