A Pragmatist's Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt (Applied Corporate Finance)
| Author | : | |
| Rating | : | 4.76 (974 Votes) |
| Asin | : | B007EAWVCO |
| Format Type | : | |
| Number of Pages | : | 290 Pages |
| Publish Date | : | 2015-06-28 |
| Language | : | English |
DESCRIPTION:
"Exactly as advertised" according to mmharrin. I am a senior analyst in a buy-side leveraged finance shop and believe the book does a great job of outlining the process of credit analysis and bond assessment for the junior analyst. I read the book to see whether it made sense as a training tool for our new junior analysts and I believe strongly that it does. In addition, while I didn't think I was the target market, I found the book to be an interesting read and a worthwhile look into the mental systems used by a long-time analyst. I definitely took away a few ideas on how I might alter my own procedures for the be. Excellent Learning Resource I think the title sums up the book perfectly. As someone who works in the credit world but is also working to develop a credit research skill set, I can say that this book connects the dots between theoretical studies and real world application. The book walks the reader through the process of taking financial statements as they are provided by a company and then extrapolating the data necessary to derive key metrics that are used in the marketplace today to value debt securities. The author combines fundamental research with real world scenarios to give the reader an . Corbin said Good overview of Leverage Finance Market. I feel like a piece have a better understanding of the market, definitely will read again. Great book to keep as a reference guide
He holds a BA from New York University in Economics, and an MS c from the University of London SOAS in Financial Economics.. Kricheff, Managing Director and Head of the Americas High Yield Sector Strategy for Credit Suisse, has more than 20 years of experience in credit analysis. Robert S. His work has covered investment ve
Now, for the first time, there’s a complete, practical, and expert tutorial and workbook covering all facets of modern leveraged finance analysis. In fact, it teaches credit analysis skills that will be valuable in analyzing a wide variety of higher-risk investments, including growth stocks.. This book is an indispensable resource for all investment and underwriting professionals, money managers, consultants, accountants, advisors, and lawyers working in leveraged finance. InA Pragmatist’s Guide to Leveraged Finance, Credit Suisse managing director Bob Kricheff explains why conventional analysis techniques are inadequate for leveraged instruments, clearly defines the unique challenges sellers and buyers face, walks step-by-step through deriving essential data for pricing and decision-making, and demonstrates how to apply it. To successfully issue, evaluate, and invest in high-yield debt, however, financial professionals need credit and bond analysis skills specific to these instruments. The high-yield leveraged bond and loan market (“junk bonds”) is now valued at $3+ trillion in North America, €1 trillion in Europe, and another
Lindquist, Managing Director, Morgan Stanley Investment Management. “The author applies his vast market experience to detail the underlying tenets of credit analysis in a user-friendly fashion. It is a must-read for new analysts on the buy side and the sell side of the high yield marketplace. He blends the technical aspects, along with the practical, to provide the reader with a thorough understanding of how analysts do their jobs.”—Terrence J. I cannot think of anyone, other than Bob, who is better positioned with deep knowledge and professional experience to pen this book.”—Linda Carter, Portfolio Manager and Vice President, Eaton Vance Investment Managers“Bob has been involved in a variety of roles in the high yield market since the market’s infancy in the 1980s. This is certain to become the ‘go to’ book for all participants in the leveraged f