An Introduction to Credit Risk Modeling

Rating:
Summary: A good read!
Review: Easy to understand with not a tremendous amount of complicated math to dicipher. Just what the doctor ordered.

Rating:
Summary: Excellent Book For Credit Risk Managers
Review: This is an excellent book covering the latest thinking in credit risk modeling. It could have used more on documentation and structuring risk, so I only gave it four stars, but it is five stars in model review.

For more on product descriptions and structuring risk, I highly recommend Tavakoli's "Credit Derivatives" 2nd Edition.

Rating:
Summary: CreditTrader
Review: This is an excellent treatise on the near state-of-the-art in credit risk management. Although the focus is on sell-side risk management, many (if not all) of the techniques described can be used on the buy-side also.

This is the first book that really focusses on the portfolio problem of credit risk - many books have touched on vendor-provided models and their shortcomings but Bluhm et al. take it further into the practitioner's world.

The reader does not need a very strong background in math or physics but some understanding of finance and stochastic calculus would help to get the most out of it.

I recommend to everyone who is either in or thinking of getting into credit risk as a career - enjoy....