Learn about credit risk and ratings in debt securities, including the role of credit rating agencies and the distinctions between investment-grade and speculative-grade bonds.
Explore the comprehensive methods for measuring credit risk, including quantitative models, qualitative analysis, financial ratios, cash flow analysis, industry outlook, credit scoring systems, and default probability models.
Explore the intricacies of bond rating scales, understand the distinctions between investment-grade and speculative-grade ratings, and learn how these ratings influence investor perceptions and bond pricing.
Explore the key factors influencing credit spreads, including economic conditions, market liquidity, investor sentiment, and industry-specific issues. Understand how these elements impact bond pricing and investment strategies.
Explore the historical trends in credit spreads and their significance in predicting economic outlooks, with a focus on financial crises such as the 2008 crisis.