信用风险限额.pptVIP

Outline Overview Market Concerns Credit Risk Limits Credit Risk Models Credit Risk Diversification Credit Risk Management Process Overview:Current State of the Credit Market Although Fixed Income has recently outperformed equity, the Corporate Bond market has severely underperformed Treasuries The market has experienced rising defaults, downgrades, and an unprecedented number of Investment Grade credits falling into High Yield (a.k.a. “Fallen Angels”) “Fallen Angels” are overwhelming the High Yield market as they number 14 of the top 25 issuers and comprise 20% of the total amount outstandin