15.3 Credit Events and Restructurings

In this section

• Corporate Defaults and Recovery Rates: Understanding the Impact on Bondholders
  Explore the complexities of corporate defaults and recovery rates, with detailed case studies of Lehman Brothers and Enron. Learn about the factors leading to defaults, the impact on bondholders, and the importance of credit analysis and diversification.
• Municipal Bankruptcies (e.g., Detroit, Puerto Rico)
  Explore the complexities of municipal bankruptcies through the cases of Detroit and Puerto Rico, analyzing causes, restructuring processes, and implications for municipal bond investing.