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The Credit Risk

Author

Listed:
  • Vergil VOINEAGU

    (Academy of Economic Studies Bucharest)

  • Danut CULETU

    („Andrei Saguna” University of Constanta)

  • Zoica DINCA (NICOLA)

    („Artifex” University of Bucharest)

Abstract

At a conceptual level, the credit risk is a component of market risk. It can occur as a result of two causes: the issuing company does not want/can no longer meet its obligations; damage to the issuing company's rating, which results in lowering the price of shares in the company in question. Both of these causes are closely linked with the risk of default that is exposed when the investor invests in shares or bonds of a company.

Suggested Citation

  • Vergil VOINEAGU & Danut CULETU & Zoica DINCA (NICOLA), 2013. "The Credit Risk," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(3), pages 171-179, September.
    • Handle: RePEc:rsr:supplm:v:61:y:2013:i:3:p:171-179
    as

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    References listed on IDEAS

    as
    1. Treacy, William F. & Carey, Mark, 2000. "Credit risk rating systems at large US banks," Journal of Banking & Finance, Elsevier, vol. 24(1-2), pages 167-201, January.
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