From ACT Wiki
Revision as of 21:01, 20 June 2020 by Doug Williamson (Add link.)
Credit risk - creditworthiness.
Credit Benchmark is a privately owned company that measures the creditworthiness of a large number of entities, most of which do not have a traditional credit rating.
- Data sources
- "Regulatory changes have led to the world’s major banks essentially creating their own micro credit rating agencies...
- The [anonymised] data collected from contributors is a specific measure of credit risk: a one-year, forward-looking Probability of Default (PD) and forward-looking senior unsecured Loss Given Default (LGD)...
- Contributors have a strong incentive to ensure the accuracy of each PD and LGD, which are used in their regulatory submissions, leading to a credible market view of credit risk."
- Credit Benchmark webpage. Accessed June 2020.