Reading 55 Fundamentals of Credit Analysis (Layout)
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Section 2 introduces The key components of credit risk—default probability and loss severity—along with such credit-related risks as spread risk, credit migration risk, and liquidity risk.
Section 3 discusses the relationship between credit risk and the capital structure of the firm.
Section 4 addresses Credit ratings and the role of credit rating agencies.
Section 5 focuses on the process of analyzing the credit risk of corporations.
Section 6 examines the impact of credit spreads on risk and return.
Section 7 presents special considerations applicable to the analysis of (i) high-yield (low-quality) corporate bonds and (ii) government bonds are presented.
Section 8 gives a brief summary.