Examen
RSK4804+FORMULAE (RSK4804) Assignment 01 Solutions
- Grado
- Institución
Question 1 Explain Probability of default and briefly discuss its uses. (10) Suggested solution It is a statistical percentage probability of a borrower defaulting√ and it is directly linked to credit grades √ Uses • Quantification of credit risk √ PD facilitates distinguishing the cr...
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