Credit Rating Based Risk Models of Industrial Corporates

Student: Sereda Inga

Educational Programme: Strategic Corporate Finance (Master)

Year of Graduation: 2019

These are multiple of factors that can lead company to bankruptcy, and most of them are vital for industrial companies, which require large investments, and obtainin those is enormously difficult when company goes through financial distress. To bankruptcy mostly can contribute financial state and image, which is created in high correlatin with credit rating. The paper examines this relation closely regarding industrial firms with the help of logit-model. The outcomes of the empirical research are the following: financial indicatrs as well as qualitative variables have the highest impact on the probability of default.

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