The misestimation of rating transition probabilities may lead banks to lend money incoherently with borrowers’ default trajectory. causing both a deterioration in asset quality and higher system distress. Applying a Mover-Stayer model to determine the migration risk of small and medium enterprises. we find that banks are over-estimating their credit risk resulting in excessive r... https://herbsdailyes.shop/product-category/skin-lighteners/