Calibration of rating grades to point-in-time and through-th

Calibration of rating grades to point-in-time and through-the-cycle levels of probability of default

The paper argues for the need for and importance of the dual calibration of a probability of default (PD) model (ie, calibration to both point-in-time and

Related Keywords

, Point In Time , Hrough The Cycle , Robability Of Default Pd , Model Calibration , Maximum Likelihood Estimation , Ating Migration , Original Research ,