[ download books ] Advanced Credit Risk Analysis and Management (The Wiley Finance Series)Author Ciby Joseph – Z55z.co

Credit is essential in the modern world and creates wealth, provided it is used wisely The Global Credit Crisis during has shown that sound understanding of underlying credit risk is crucial If credit freezes, almost every activity in the economy is affected The best way to utilize credit and get results is to understand credit risk Advanced Credit Risk Analysis and Management helps the reader to understand the various nuances of credit risk It discusses various techniques to measure, analyze and manage credit risk for both lenders and borrowers The book begins by defining what credit is and its advantages and disadvantages, the causes of credit risk, a brief historical overview of credit risk analysis and the strategic importance of credit risk in institutions that rely on claims or debtors The book then details various techniques to study the entity level credit risks, including portfolio level credit risks Authored by a credit expert with two decades of experience in corporate finance and corporate credit risk, the book discusses the macroeconomic, industry and financial analysis for the study of credit risk It covers credit risk grading and explains concepts including PD, EAD and LGD It also highlights the distinction with equity risks and touches on credit risk pricing and the importance of credit risk in Basel Accords I, II and III The two most common credit risks, project finance credit risk and working capital credit risk, are covered in detail with illustrations The role of diversification and credit derivatives in credit portfolio management is considered It also reflects on how the credit crisis develops in an economy by referring to the bubble formation The book links with the credit crisis and carries out an interesting discussion on how the credit crisis may have been avoided by following the fundamentals or principles of credit risk analysis and management The book is essential for both lenders and borrowers Containing case studies adapted from real life examples and exercises, this important text is practical, topical and challenging It is useful for a wide spectrum of academics and practitioners in credit risk and anyone interested in commercial and corporate credit and related products


11 thoughts on “Advanced Credit Risk Analysis and Management (The Wiley Finance Series)

  1. stg2bio.co Customer stg2bio.co Customer says:

    Insightful book which takes the reader from a relatively basic level reader needs to have some basic accounting and finance knowledge to a advanced understanding of Credit Wish there was a larger section when it goes bad stressed distressed debt.A must have book for professionals involved with Credit.


  2. Sami Matraji Sami Matraji says:

    Excellent practical insight and enlightening case studies applying the theories Explore various scenarios with real life examples relevant to practitioners


  3. Ali Amiri Ali Amiri says:

    The coverage is both broad and in depth Will certainly enjoy this one.


  4. Vivek Chaturvedi Vivek Chaturvedi says:

    It s a good book to understand the fundamentals and logic of credit assessment.


  5. kumar saurabh kumar saurabh says:

    Nice book


  6. philip philip says:

    An excellent book


  7. Dhruv Goel Dhruv Goel says:

    Gr8


  8. Chaitanya Chaitanya says:

    The book is very good It covered almost all the topics related to Credit Bond market, CDS, Financial analysis in the perspective of credit analyst This book is very useful for a starter as well a professional in Credit market The topics were also structured in a very perfect manner The author with all his experience has given all the relevant example were ever required The case studies will give the real case scenarios, that will give both the practical and theoretical knowledge A perfect book to read if you want a career in Credit markets


  9. M. Michalski M. Michalski says:

    A very interesting and informative book on corporate credit analysis, which stresses the importance of a comprehensive borrower analysis external and internal factors, financial and descriptive facts, etc for a balanced and realistic judgment of the borrower s creditworthiness Praiseworthy is i.a the clear writing style and combination of theory with examples I also liked the chapter on working capital management, however, in order to avoid potential misunderstanding of the notion of net working capital, which is used by finance people to denote different concepts, two different terms could be used like e.g working capital needs or net working assets on the one hand and net working capital as long term financing source of working capital needs on the other hand I wished a in depth discussion of the proper category of cash flow to be used as cash flow available for debt service before or after capex, before or after working capital changes, and for 2 cases when we have only historical financials and try to extract from them a CF that can be deemed sustainable, i.e likely to be repeated in similar amount in the future years, and when we have financial projections All in all I find it a sound and recommendable book on credit analysis both for novice analysts despite the word advanced in the title given the clear language and explanations and for seasoned bankers to refresh and enrich their knowledge given the good quality of the topic treatment.


  10. levaamo levaamo says:

    GREAT


  11. John Casares John Casares says:

    Fast shipping New book.