22
W. K. Hardle, R. A. Moro, and D. Schafer
Probability of Default
-20 0 20 40 60
Net income change, K21
Fig. 18. Probability of default plotted for the variables K21 and K29. The b ound-
aries of five risk classes are shown in blue, which correspond to the rating classes:
BBB and above (investment grade), BB, B+, B, B- and lower.
More intriguing information
1. A Unified Model For Developmental Robotics2. The name is absent
3. The name is absent
4. 101 Proposals to reform the Stability and Growth Pact. Why so many? A Survey
5. The name is absent
6. PERFORMANCE PREMISES FOR HUMAN RESOURCES FROM PUBLIC HEALTH ORGANIZATIONS IN ROMANIA
7. Does Market Concentration Promote or Reduce New Product Introductions? Evidence from US Food Industry
8. Delivering job search services in rural labour markets: the role of ICT
9. Population ageing, taxation, pensions and health costs, CHERE Working Paper 2007/10
10. AN ANALYTICAL METHOD TO CALCULATE THE ERGODIC AND DIFFERENCE MATRICES OF THE DISCOUNTED MARKOV DECISION PROCESSES