A pragmatist's guide to leveraged finance credit analysis for bonds and bank debt
| Main Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Upper Saddle River, N.J.
FT Press
2012
|
| Subjects: | |
| Online Access: | |
| Collection: | O'Reilly - Collection details see MPG.ReNa |
Table of Contents:
- Introduction
- Some common leveraged finance terms
- Defining the market and the ratings agencies
- The participants
- Why is leveraged finance analysis unique?
- The major components of analysis
- Some features of bank loans
- A primer on prices, yields, and spreads
- A primer on key points on financial statement analysis
- Credit ratios
- Business trend analysis and operational ratios
- Expectations, modeling, and scenarios
- Structural issues : coupons
- Structural issues : maturities, calls, and puts
- Structural issues : ranking of debt
- Key leveraged finance covenants
- Amendments, waivers, and consents
- Making money or losing it off of news events
- Management and ownership
- I am looking at debt, so why does the equity matter?
- Value, relative value, and comparable analysis
- New issuance
- Distressed credits, bankruptcy, and distressed exchanges
- Preparing a credit snapshot
- The investment decision process
- Closing comments