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Practical Applications: the Assessment of Creditworthiness

In: Modelling the Survival of Financial and Industrial Enterprises

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  • Dimitris N. Chorafas

Abstract

Credit risk that concerns the dependability and solvency of a counterparty is the earliest type of risk known in finance and banking. Credit risk is part of the broader concept of risk, which is not alien to people even in the sciences. Max Plank, the physicist, once said: ‘Without occasional venture or risk, no genuine inventions can be accomplished even in the most exact science.’

Suggested Citation

  • Dimitris N. Chorafas, 2002. "Practical Applications: the Assessment of Creditworthiness," Palgrave Macmillan Books, in: Modelling the Survival of Financial and Industrial Enterprises, chapter 4, pages 67-90, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50173-7_4
    DOI: 10.1057/9780230501737_4
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