A new study spanning more than two decades and more than 500,000 issuer-months presents one of the most accurate and forward-looking models of corporate credit rating transitions to date. By combining machine learning with the SAS® KRIS® 1-year default probability (KDP), the authors show how investors can gain a powerful
Once a bastion of stability, the banking industry now finds itself navigating a complex world of evolving risks. From economic uncertainty and geopolitical tensions to AI advancements and climate crises, the industry is navigating a whirlwind of risks that show no signs of slowing down. What worked in the past
An uncertain global economic climate has created a sense of unease and a heightened risk when managing finances for individuals and banking and financial institutions. Helping banks and financial institutions manage risk is a central pillar of how SAS adds value for our customers, who must ensure their organization is
