Corporate Bankruptcy & Credit Risk

The purpose of the book is to introduce and illustrate new methods of predicting corporate bankruptcy and credit risk, New algorithms and financial indicators can assist the creditor or investor in avoiding risk and loss. Instead of relying on traditional credit rating agencies ratings the reader will learn how to perform their own due diligence to challenge their ratings. All of the major corporate bankruptcies for the past decade are examined in detail proving that all of the bankruptcies were predictable by several years. The financial collapse of Y2007 is examined and the events that ensued are illustrated to prove and predict the financial collapse.