Credit Scoring and Rating (FRM Part 2 - Book 2 - Credit Risk Measurement and Management - Ch 6)

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After completing this reading, you should be able to:
- Compare the credit scoring system to the credit rating system in assessing credit quality and describe the different types of each system.
- Distinguish between through-the-cycle and point-in-time credit rating systems.
- Describe the process for developing credit risk scoring and rating models.
- Describe rating agencies' assignment methodologies for issue and issuer ratings, and identify the main criticisms of the credit rating agencies' ratings.

[@hannaotr]

Isn't it FRM Part 1 and not 2?

[@analystprep]

This is in FRM Part II in Book 2 on Credit Risk Measurement and Management.

[@hannaotr]

@@analystprep oh yes, I think I put a comment under incorrect video ;) this is indeed in book 2 on Credit Risk