The BuDA Framework co-developed by Criat's founders continues to support the International Monetary Fund (IMF)
- criatwebsite
- Aug 30, 2024
- 1 min read
Singapore, 24 May 2024 -- We are proud the Bottom-up Default Analysis Framework (BuDA Framework) co-developed by Criat's founders continues to support the International Monetary Fund (IMF) to simulate projected Probability of Default (PD) in the latest Global Financial Stability Report.
The Framework was used for the simulation of the projected PD of US BBB Firms under the SEP Median Scenario versus change in Leverage Ratio over the last five years.
Criat offers the commercial version of this Framework for global financial institutions, insurers and asset managers.
This Bottom-up Default Analysis Framework was co-developed by the 2 founders of Criat, Prof Jin-Chuan Duan and Dr Miao Weimin, as well as IMF Senior Economist Dr Jorge Chan-Lau, with active support from the Credit Research Initiative (CRI) Team of the National University of Singapore. The Framework has been enhanced to version 3.5.1.
See the April 2024 IMF Global Financial Stability Report here: The Last Mile: Financial Vulnerabilities and Risks (imf.org)
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