Fundamentals of Credit and Credit Analysis

This book, rooted in Arnold Ziegel's extensive experience in corporate banking and credit risk training, explores the fundamental principles of credit analysis in an accessible way. It emphasizes that the core goal of extending credit is to recover money with an appropriate return, highlighting the importance of assessing risk beyond models and algorithms. Using historical insights and quotes like J.P. Morgan's, the book discusses the complexities of credit evaluation, including lessons from past financial crises, to shed light on the balance between character, collateral, and modern risk assessment.