A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (Applied Corporate Finance)
A Pragmatist’s Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (Applied Corporate Finance)
The First Practical Guide to Credit Analysis for Today’s ,500,000,000,000+ High-Yield Leveraged Bond and Loan Markets
The high-yield, leveraged bond and loan market now exceeds .3 trillion in North America, €650 billion in Europe, and another 0 billion in emerging markets—and it’s growing fast. This market combines aspects of conventional fixed income markets, the event-driven volatility typically associated with equities, and structural features present nowhere else. To succeed in this market, you need credit analysis skills and insights specifically designed for it. Now, for the first time, there’s a complete practical guide to performing this analysis.
Credit Suisse high-yield specialist Robert S. Kricheff focuses on how financial professionals actually prepare and use leveraged finance credit analysis, offering examples addressing diverse scenarios and a wide spectrum of credit risks, from companies near-investment-grade to firms in bankruptcy. He illuminates credit analysis as a dynamic process, shows how to evaluate both financial liquidity and asset protection, demonstrates how to use the field’s key tools, and explains how to apply the insights that make analysis an art, not just a science.
• Projecting liquidity
Will sufficient cash be generated to pay interest and principal?
• Evaluating assets
Can the investor be protected by the value of underlying assets?
• Applying financial ratios and metrics
How can credit quality be analyzed and investment options compared?
• Evaluating management and ownership
Can the company leaders deliver what they promise?
• Investing on breaking news
How can you profit from the junk bond market’s volatility?
List Price: $ 64.99
Price:
Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction (Quantitative Methods for Applied Economics and Business Research)
Advances in Credit Risk Modelling and Corporate Bankruptcy Prediction (Quantitative Methods for Applied Economics and Business Research)
The field of credit risk and corporate bankruptcy prediction has gained considerable momentum following the collapse of many large corporations around the world, and more recently through the sub-prime scandal in the United States. This book provides a thorough compendium of the different modelling approaches available in the field, including several new techniques that extend the horizons of future research and practice. Topics covered include probit models (in particular bivariate probit modelling), advanced logistic regression models (in particular mixed logit, nested logit and latent class models), survival analysis models, non-parametric techniques (particularly neural networks and recursive partitioning models), structural models and reduced form (intensity) modelling. Models and techniques are illustrated with empirical examples and are accompanied by a careful explanation of model derivation issues. This practical and empirically-based approach makes the book an ideal resource for all those concerned with credit risk and corporate bankruptcy, including academics, practitioners and regulators.
List Price: $ 119.00
Price:
Categories: Loan Products Tags: advances, Applied, Bankruptcy, Business, Corporate, Credit, Economics, Methods, Modelling, Prediction, Quantitative, Research, Risk