What Factors are Taken Into Account to Quantify Credit Risk?

The quantification of credit risk is the process of assigning measurable and comparable numbers to the likelihood of default risk and the concept is a major frontier in modern finance. The factors that affect credit risk range from borrower-specific criteria to market-wide considerations. The idea is that liabilities can be objectively valued and predicted to…

Top 10 things you can buy for the price of a 30m2 in Paris

Unsurprisingly: Paris is one of the French cities where real estate is far too expensive! On average, the price per square meter is €10,877. In certain districts such as St Germain des Prés, it even rises to €16,335/m². A small 30 m² apartment will therefore cost €326,310 on average, and up to €490,050 in certain…

Industrial Revenue Bonds—IRBs Definiton

What Are Industrial Revenue Bonds—IRBs? Industrial revenue bonds (IRB) are municipal debt securities issued by a government agency on behalf of a private sector company and intended to build or acquire factories or other heavy equipment and tools. IRBs were formerly called Industrial Development Bonds (IDB). key takeaways Industrial revenue bonds (IRBs) are a type…