Fixed Income reading 42: fixed income securities: defining elements

READING 47: FUNDAMENTALS OF CREDIT ANALYSIS ................................................................................... 63

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• 2) Seniority rankings of corporate debt (Los 47.c) ..................................................................................................... 64
• 4) 4 Cs of traditional credit analysis (Los 47.f) .......................................................................................................... 66
• 6) Factors that influence the level and volatility of yield spreads (Los 47.i) ............................................................. 68

READING 47: FUNDAMENTALS OF CREDIT ANALYSIS ................................................................................... 63   1) Credit risk & Credit-related risks of corporate bonds (Los 47.a, 47.b) ................................................................. 63   a) Credit risk ............................................................................................................................................................ 63   b) Spread risk .......................................................................................................................................................... 63   2) Seniority rankings of corporate debt (Los 47.c) ..................................................................................................... 64   3) Credit ratings (Los 47.d, 47.e) ................................................................................................................................ 64   a) Issuer credit rating & Issue credit rating (Los 47.d) ............................................................................................ 64   b) Risks in relying on ratings from credit rating agencies (Los 47.e) ..................................................................... 65   4) 4 Cs of traditional credit analysis (Los 47.f) .......................................................................................................... 66   5) Financial ratios used in credit analysis (Los 47.g, 47.h) ....................................................................................... 67   6) Factors that influence the level and volatility of yield spreads (Los 47.i) ............................................................. 68   7) Considerations when evaluating the credit of 3 kinds of debt (Los 47.j) .............................................................. 68   a) High yield debt/ non-investment grade corporate bonds/ junk bonds ................................................................. 68   b) Sovereign debt .................................................................................................................................................... 70   c) Non-Sovereign Government Bonds .................................................................................................................... 71   Mai Nguyen  Dawn of Finance  1  tải về 2.83 Mb. Chia sẻ với bạn bè của bạn: