The National University of Singapore has a Risk Management Institute. Within the Risk Management Institute, there is a Credit Research Initiative (CRI). You may visit their website here. In their own words, this is what the the CRI is about: "The Credit Research Initiative (CRI) is a non-profit undertaking by the Risk Management Institute at NUS, and seeks to promote research and development in the critical area of credit risk. The foundation of the CRI is the probability of default (PD) model which has been developed using a database of over 60,000 listed firms in Asia Pacific, North America, Europe, Latin America, the Middle East and Africa." CRI is currently offering many of their publications for free. Personally, my favorite remains their probability of default modelling, which I find rather reflective and accurate. Here is an example of CRI's modelling results for Tesla Motors and SolarCity - 2 loss ......