AN UNBIASED VIEW OF PNL

What's the link amongst default probabilities calculated using the credit history rating and the cost of a CDS? fiveKurt G.Kurt G. 2,38944 silver badges1717 bronze badges $endgroup$ 3 $begingroup$ Many thanks a good deal for taking the time to reply. Due to your final equality I understand that the "school case" pnl usually takes under consideratio