Testing Probability Calibrations: Application to Credit Scoring Models, Andreas Blöchlinger (Credit Suisse) and Markus Leippold (Federal Reserve Bank of New York & University of Zurich)

Assessing the Accuracy of Credit R.O.C. Estimates in the Presence of Macroeconomic Shocks, George A Christodoulakis (University of Manchester) and Stephen E. Satchell (University of Cambridge & University of London)

Modeling Rating Migrations, Huong Dang (University of Sydney) and Graham Partington (University of Sydney)

Rating SME Using Consolidated Information, Michel Dietsch (Université Robert Schuman de Strasbourg) and Etienne Marot (Caisse Nationale des Caisses d’Epargne)

Government Guarantees Behind Banks: International Evidence from the Ratings, Giovanni Ferri (Università di Bari) and Li-Gang Liu (Hong Kong Monetary Authority)

The Economics of Rating Watchlists: Evidence from Rating Changes, Christian Hirsch (Johann Wolfgang Goethe-Universität & Center for Financial Studies, Frankfurt am Main) and Christina E. Bannier (Frankfurt School of Finance and Management)

Why Bank Ratings Split: Evidence from Fitch and Moody’s, Changchun Hua (Hitotsubashi University, Tokyo) and Li-Gang Liu (Hong Kong Monetary Authority)

Rating Targeting and the Confidence Levels Implicit in Bank Capital, Esa Jokivuolle (Bank of Finland, Helsinki) and Samu Peura (Sampo Bank)

National vs. Global Rating Agencies: Is There Complementarity under Basel II?, Punziana Lacitignola (Università di Bari)