The specific topic of this book regards the role of the rating system in the creditworthiness assessment: current status, strengths and weaknesses, possible evolution in the light of Basel 3 and of the requirements imposed by the crisis The relevance of internal rating systems (IRS) has attracted the interest of scholars and financial operators. Numerous studies have investigated the structural and procedural characteristics of the rating systems. From the former mechanistic view of the assessment of credit risk, the IRSs are now seen as a system for building a new relationship between banks and firms. For the bank, this relationship reflects in increasing the sensitivity to understand the competitive paradigm of the company; for the firm, the relationship increases the ability to communicate, through the rating, ts industrial and financial strategies. On this basis there is the need to write a book that would highlight the desirable profile of a new rating system as an ideal program to reach a greater sharing between tools, needs and operational solutions. In this context, the correct interpretation of the principles and characteristics of IRSs becomes a necessity in order to avoid the risk of uncritically reject an approach that is still valid. Divided into three parts, the book analyses the state of the art of internal rating systems (IRSs) with a focus on management and organizational aspects. In this context, it highlights the development prospects of the IRSs in light of the constraints imposed by the crisis. In particular, the first part focuses on the analysis of the state of the rating systems, while the second part connects the credit management process with the logic of the Credit Risk Management enhanced by the introduction of internal rating systems. The third part offers insights and reflections on the role that the rating can play in making the strategy of business financing more modern and effective.
|Titolo:||Credit Rating and Bank-Firm Relationship: New Models to Better Evaluate SMES|
|Data di pubblicazione:||2015|
|Appare nelle tipologie:||3.1 Monografia o trattato scientifico|