UMA PROPOSTA PARA AVALIAÇÃO DO RISCO DE CRÉDITO EM FINANCIAMENTOS DE LONGO PRAZO

Abstract

The paper presents a quantitative process for evaluates the risk of credit of the long-term loans. The proposed method may be applied by financial institutions, like development banks, and is based on discounted cash flows representing the global payment capacity of a firm. The difficulty to evaluate this type of risk resides in the need of making forecasts about the internal and external behavior of factors, concerning the performance of the organizations over a long time ahead