FIN 301 Saudi Electronic University Finance Essay

Description

MCQ

Which one is not true for credit rating agencies?

1- It rates the ability and willingness of debt issuing company regarding the payment of interest and principal when they arise.

2-It is the opinion of rating agency presented in symbolic form.

3- Credit rating recommend to purchase, sell or hold a particular security.

4- It only evaluates risk associated with that security.

Essay Question

Briefly explain the advantages and disadvantages of the CreditRisk

Answer ( i want only paraphrasing)

CreditRisk+ has the advantage that it is relatively easy to implement.

It focuses on default and requires relatively few estimates and inputs. For each instrument, only

the probability of default and LGD statistics are required.

One disadvantage of the approach is that it ignores migration risk.

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