Comparison of credit risk models

This bachelor thesis focuses on credit risk measurement by traditional and modern methods, especially selected credit risk models. The thesis defines terms risk, risk management and credit risk which are then put into a wider context of regulation. Provides justification for the development of modern credit risk approaches and provides basic information about each selected model both from the mathematical side and from the perspective of their functionality on sample portfolios. Thesis also evaluates mutual differences of each model and defines their strengths and weaknesses from which it derives an environment suitable for their application.