Has very good explanation of theory but lack of practical cases, a little expensive if you want to do some math with it. but I think is alrigth, good presentation and very net packed, it good.

This is really a must-read book, a credit analysis reference book, and above all written by four authors really among the experts in that field-- including its pioneers!Thanks.Yusuf Hassan

The book is quite good,even it needs to be updated a little. However it provides only the qualitative side of the credit world.

Overall this is an effective overview of credit risk, particularly useful for training new staff or for explaining credit risk concepts to non-experts involved in the risk management process.This book certainly has some shortcomings as pointed out in the prior review. It not well-suited to teaching the mechanics of credit risk modeling, although it does provide a foundation in the basic terms and concepts employed in evaluating credit risk. Indeed, this book is helpful in providing a context for the application of quant modeling to credit risk for those who already have strong facility in quant modeling.