Fundamentals-based estimation of default probabilities

de Jorge A. Chan-Lau · Publicada por primera vez en 2006

This survey reviews a number of different fundamentals-based models for estimating default probabilities for firms and/or industries, and illustrates them with real applications by practitioners and policy making institutions. The models are especially useful when the firms analyzed do not have publicly traded securities or secondary market prices are unreliable because of low liquidity.