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Nematrian Reference Library

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ReferenceTitleLink
Treacy and Carey (1998)Credit risk rating at large US bankshere

First paragraph

"Internal credit ratings are becoming increasingly important in credit risk management at large U.S. banks. Banks’ internal ratings are somewhat like ratings produced by Moody’s, Standard & Poor’s, and other public rating agencies in that they summarize the risk of loss due to failure by a given borrower to pay as promised. However, banks’ rating systems differ significantly from those of the agencies (and from each other) in architecture and operating design as well as in the uses to which ratings are put. One reason for these differences is that banks’ ratings are assigned by bank personnel and are usually not revealed to outsiders …"


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