Credit Rating State
From Open Risk Manual
Revision as of 13:24, 3 April 2019 by Wiki admin (talk | contribs) (Created page with "== Definition == A '''Credit Rating State''' is an abstraction that aims to simplify and capture the factors determining the Credit Risk of a given entity. In the simplest...")
Definition
A Credit Rating State is an abstraction that aims to simplify and capture the factors determining the Credit Risk of a given entity. In the simplest form a credit rating state implies an assignment (labelling) of an entity (Debtor) to a specific category (Credit Rating).
It is typical (but not strictly necessary) that credit rating states form and ordered Credit Rating Scale
