"Credit Risk Management" is a comprehensive textbook that looks at the total integrated process for managing credit risk, ranging from the risk assessment of a single obliger to the risk measurement of an entire portfolio. This expert learning tool introduces the principle concepts of credit risk analysis... explains the techniques used for improving the effectiveness of balance sheet management in financial institutions... and shows how to manage credit risks under competitive and realistic conditions. "Credit Risk Management" presents step-by-step coverage of: the Credit Process which discusses the operational practices and structural processes to implement and create a sound credit environment; The Lending Objectives which explains the credit selection process that is used to evaluate new business, and describes how transaction risk exposure becomes incorporated into portfolio selection risk; Company Funding Strategies which presents an overview of the funding strategies on some of the more commonly used financial products in the extension of business credit; Company Specific Risk Evaluation which outlines some fundamental credit analysis applications that can be used to assess transactions through the framework of a risk evaluation guide; and, Qualitative Specific Risk Evaluation which offers additional approaches to risk evaluate a borrower's industry and management. This book also covers: Credit Risk Measurement which defines the role of credit risk measurement, presents a basic framework to measure credit risk, and discusses some of the standard measurement applications to quantify the economic loss on a transaction's credit exposure; Credit Portfolio Management which explores the basic concepts behind credit portfolio management, and highlights the distinctive factors that drive the management of a portfolio of credit assets compared to a single asset; Credit Rating Systems which analyzes the pivotal role that credit rating systems have come to play in manag