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Bond Credit Analysis -

Bond Credit Analysis

Framework and Case Studies

Frank J. Fabozzi (Herausgeber)

Buch | Hardcover
576 Seiten
2001
John Wiley & Sons Inc (Verlag)
978-1-883249-91-5 (ISBN)
CHF 181,00 inkl. MwSt
Credit analysis is an important factor in judging investment value. Fundamentally sound credit analysis can offer more insight into the value of an investment and lead to greater profits. This study presents a professional framework for understanding and managing a successful corporate or municipal bond analysis, while providing informative case studies from well-known private and government organizations.

Frank J. Fabozzi, PhD, is editor of the Journal of Portfolio Management, which is read by thousands of institutional investors. An Adjunct Professor of Finance at Yale University's School of Management, he is a chartered Financial Analyst and a Certified Public Accountant. Editor or author of over 100 books, his world-class finance books are used around the world by professionals, academics, students, strategists, and investors in college courses, executive training programs, company training programs, and prepatory courses for the chartered financial analyst (CFA) exam. He serves on the board of directors of the BlackRock complex of funds and the Guardian Life family of funds and is also a Fellow of the International Center for Finance at Yale University. Dr. Fabozzi earned his doctorate in economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Humane Letters from Nova Sotheastern University.

Contributing Authors.

SECTION I: FRAMEWORK.

Why Does Credit Analysis Work? (M. Fridson).

Review of Financial Statements (F. Fabozzi, et al.).

Credit Analysis for Corporate Bonds (J. Howe).

The Analysis of High-Yield Corporate Bonds (J. Howe).

Basics of Fundamental Equity Analysis for High-Yield Credit Analysts (F. Fabozzi, et al.).

Critical Failings of EBITDA as a Cash Flow Measure (P. Stumpp).

Challenges in the Credit Analysis of Emerging Market Corporate Bonds (C. Taylor).

Debt Covenants: Applications in Emerging Markets (A. Vine and D. Sohnen).

Municipal Bond Credit Analysis (S. Feldstein).

The Measurement of Prepayments and Defaults in ABS Markets (A. Bhattacharya).

Understanding MBS/ABS Loss Terminology (T. Zimmerman).

A Credit Intensive Approach to Analyzing Whole Loan CMOs (E. Toy).

Mortgage Credit Analysis (J. Brown and W. Wadden IV).

Credit Considerations in Analyzing Asset-Backed Securities: A Rating Analyst's Perspective (A. Silver).

Credit Considerations in the Analysis of Asset-Backed Securities: A Research Analyst's Perspective (K. Weaver and S. Whitten).

Considerations in the Credit Analysis of Commercial Mortgage-Backed Securities (J. Price and J. Story).

Credit-Driven Prepayment and Default Analysis (M. Ervolini, et al.).

AAA CMBS: Prospective Analysis to Manage Perception-Diminished Liquidity (M. Ervolini and A. Fazlullah).

SECTION II: CASE SUDIES.

Bergen Brunswig Corporation (F. Fabozzi).

Einstein/Noah Bagel Corporation (S. Tufo).

Sun Healthcare Group, Inc. (S. Tufo).

Windmere-Durable Holdings, Inc. (A. Alaimo).

CII Technologies, Inc. (A. Alaimo and A. Roulac).

DESA International, Inc. (A. Alaimo and A. Roulac).

Bruno's Supermarket (S. Lewis).

Tevecap (B. Stannforth).

Dao Heng Bank (A. Aran).

CanFibre of Riverside, Inc., Project (M. Pisecki).

Nassau County, New York General Obligations (S. Feldstein).

Erie Tobacco Asset Securitization Corporation (C. Hicks).

Yellowstone Energy Limited Partnetship Project (S. Haberer).

Port of Walla Walla Public Corporation (J. Colombo).

Wisconsin Helath Facilities Authority Healthcare Revenue Bonds--RFDF Project, Series 1997 (M. Ross).

JFK International Air Terminal LLC Project (D. Frasca).

Bank of America 1997-1 Manufactured Housing Asset-Backed Security (J. Brown and W. Wadden IV).

Conseco 2000-XX ABS (K. Weaver and J. Nimberg).

Index for Chapters.

Erscheint lt. Verlag 18.4.2001
Reihe/Serie Frank J. Fabozzi Series
Verlagsort New York
Sprache englisch
Maße 158 x 232 mm
Gewicht 889 g
Themenwelt Wirtschaft Betriebswirtschaft / Management Finanzierung
Betriebswirtschaft / Management Spezielle Betriebswirtschaftslehre Bankbetriebslehre
ISBN-10 1-883249-91-0 / 1883249910
ISBN-13 978-1-883249-91-5 / 9781883249915
Zustand Neuware
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