Post by Sapphire Capital on Jul 15, 2008 20:00:37 GMT 4
Morgan Stanley's Approach to Assessing Credit Risks in the Microfinance Industry
MIGUEL ARVELO
Affiliation Unknown
JU-LIE BELL
Affiliation Unknown
CHRISTIAN NOVAK
Affiliation Unknown
JULIETTE ROSE
Affiliation Unknown
SHALLY VENUGOPAL
Affiliation Unknown
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Journal of Applied Corporate Finance, Vol. 20, Issue 1, pp. 124-134, Winter 2008
Abstract:
Growing investor interest in microfinance combined with strong demand from microfinance institutions (MFIs) for capital have caused the financial industry and rating agencies to seek more reliable and precise methods for assessing the risks of MFIs. Drawing on the work of various industry leaders as well as its own experience, Morgan Stanley's Microfinance Institutions Group has created a comprehensive internal credit analysis and rating methodologyone that, by producing global (foreign and local currency) scale ratings, enables its analysts to assess and compare risks both within the growing microfinance sector and relative to other sectors.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1115538
MIGUEL ARVELO
Affiliation Unknown
JU-LIE BELL
Affiliation Unknown
CHRISTIAN NOVAK
Affiliation Unknown
JULIETTE ROSE
Affiliation Unknown
SHALLY VENUGOPAL
Affiliation Unknown
--------------------------------------------------------------------------------
Journal of Applied Corporate Finance, Vol. 20, Issue 1, pp. 124-134, Winter 2008
Abstract:
Growing investor interest in microfinance combined with strong demand from microfinance institutions (MFIs) for capital have caused the financial industry and rating agencies to seek more reliable and precise methods for assessing the risks of MFIs. Drawing on the work of various industry leaders as well as its own experience, Morgan Stanley's Microfinance Institutions Group has created a comprehensive internal credit analysis and rating methodologyone that, by producing global (foreign and local currency) scale ratings, enables its analysts to assess and compare risks both within the growing microfinance sector and relative to other sectors.
papers.ssrn.com/sol3/papers.cfm?abstract_id=1115538