Menu

Semiparametric Estimation of a Credit Rating Model

In recent years, the major credit rating agencies (CRAs) have been criticized for their issuer-pay model and overly-favorable ratings. Yixiao Jiang proposes a semiparametric, ordered-response model, and uses it to examine to the CRAs’ leanings toward bias ratings.

December 3, 2021

BylawsCode of ConductPrivacy NoticeTerms of Use © 2021 Global Association of Risk Professionals