Probability of Default Estimation for Construction Firms

  •  Marco Muscettola    


The purpose of this work is to create one statistical model for a future behaviour of construction companies. The model, therefore, aims to quantify the potential for progress and durability of construction companies operating in the Italian territory, as well as may assign ratings. Paper summarizes the typical rating process with the identification of definite financial paradigms suitable to rank the companies by solvency criteria in scale credit ratings.

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