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Operational Risk Control with Basel II
book

Operational Risk Control with Basel II

by Dimitris N. Chorafas
November 2003
Intermediate to advanced content levelIntermediate to advanced
400 pages
12h 48m
English
Butterworth-Heinemann
Content preview from Operational Risk Control with Basel II
Role of rating agencies in the creditworthiness of insurance firms 259
There is a difference in procedure between new ratings and the revision of old ones.
First time ratings require fairly extensive work starting with preliminary discussion,
following up with scheduled meetings and submitting advance background materials.
This preparatory activity may take about a month and it is followed by:
Analytical meetings with the rated company
The agency’s own credit analysis, and
Rating committee meetings.
In all, some two or more months of work are necessary before the issuer and credit
markets are informed of rating and its justifications. Rating reviews ...
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Publisher Resources

ISBN: 9780750659093