Credit Risk 3 – Principles of Credit Valuation

Course Overview

This introductory iRisk Webinar analyzes the principles of credit valuation: the valuation of risky assets. Building on the principles of credit capital measurement, this iRisk Webinar focuses on the two major types of credit valuation: the reduced or actuarial models and the structural or option based models. It covers topics such as spread curves, credit ratings, historical default rates, cumulative and marginal default, transition probabilities, valuing debt and equity as options. This iRisk Webinar concludes with practical examples to value credits.