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Serial number: 11/2014
Author(s): C.Abbasov
Language: Azerbaijani
Date: 2014
Abstract: The research project was dedicated for the theoretical and practical issues of applying the Z-score methodology in the financial system. It is evident that, if the creditworthiness of a firm is higher, the default risk of a borrower will be lower. Therefore, predicting potential customer’s ability to serve its debt is crucial for the banks. For this reason, there are several approaches in the economic literature. We have chosen the mostly used methodology developed by Altman and Edminster. The article is discussing the views of these authors.
Key words: Credit risk, Z-score approach, Kappa test.
JEL classification: G32
