This book - now in its second, completely revised edition - presents the complex topic of risk controlling in a clear and comprehensive manner. The author team first outlines the institutional framework, particularly from the banking perspective, and demonstrates the impacts on the corporate level, specifically the borrower side. Following this, the book delves into the various facets of rating: the rating agencies, the internal and external rating processes (especially balance sheet analysis procedures), and the assessment of rating quality. After discussing credit risk controlling, the author team thoroughly addresses risk management at the corporate level. For the second edition, not only have the institutional requirements been updated, but the content has also been more closely aligned with credit risk management. It serves as a clear and useful guide for practical application.