Includes bibliographical references and index.

Part I. Introduction -- Part II. Firm (or) obligor credit risk -- Part III. Credit risks : project and working capital -- Part IV. Credit portfolio risks -- Part V. Portfolio risk mitigants -- Part VI. Credit risk pricing -- Part VII. The last line of defense : security -- Part VIII. Credit crisis .

Credit is essential in the modern world and creates wealth, provided it is used wisely. The Global Credit Crisis during 2008/2009 has shown that sound understanding of underlying credit risk is crucial. If credit freezes, almost every activity in the economy is affected. The best way to utilize credit and get results is to understand credit risk. Advanced Credit Risk Analysis and Management helps the reader to understand the various nuances of credit risk. It discusses various techniques to measure, analyze and manage credit risk for both lenders and borrowers .