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After completing this reading you should be able to:
- Define credit risk and explain how it arises using examples.
- Explain the components of credit risk evaluation.
- Describe, compare and contrast various credit risk mitigants and their role in credit analysis.
- Compare and contrast quantitative and qualitative techniques of credit risk evaluation.
- Compare the credit analysis of consumers, corporations, financial institutions, and sovereigns.
- Describe quantitative measurements and factors of credit risk, including probability of default, loss given default, exposure at default, expected loss, and time horizon.
- Compare bank failure and bank insolvency.
