{"product_id":"bond-credit-analysis-isbn-9781883249915","title":"Bond Credit Analysis","description":"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.  Contributing Authors.\u003cbr\u003e \u003cbr\u003e SECTION I: FRAMEWORK.\u003cbr\u003e \u003cbr\u003e Why Does Credit Analysis Work? (M. Fridson).\u003cbr\u003e \u003cbr\u003e Review of Financial Statements (F. Fabozzi, et al.).\u003cbr\u003e \u003cbr\u003e Credit Analysis for Corporate Bonds (J. Howe).\u003cbr\u003e \u003cbr\u003e The Analysis of High-Yield Corporate Bonds (J. Howe).\u003cbr\u003e \u003cbr\u003e Basics of Fundamental Equity Analysis for High-Yield Credit Analysts (F. Fabozzi, et al.).\u003cbr\u003e \u003cbr\u003e Critical Failings of EBITDA as a Cash Flow Measure (P. Stumpp).\u003cbr\u003e \u003cbr\u003e Challenges in the Credit Analysis of Emerging Market Corporate Bonds (C. Taylor).\u003cbr\u003e \u003cbr\u003e Debt Covenants: Applications in Emerging Markets (A. Vine and D. Sohnen).\u003cbr\u003e \u003cbr\u003e Municipal Bond Credit Analysis (S. Feldstein).\u003cbr\u003e \u003cbr\u003e The Measurement of Prepayments and Defaults in ABS Markets (A. Bhattacharya).\u003cbr\u003e \u003cbr\u003e Understanding MBS\/ABS Loss Terminology (T. Zimmerman).\u003cbr\u003e \u003cbr\u003e A Credit Intensive Approach to Analyzing Whole Loan CMOs (E. Toy).\u003cbr\u003e \u003cbr\u003e Mortgage Credit Analysis (J. Brown and W. Wadden IV).\u003cbr\u003e \u003cbr\u003e Credit Considerations in Analyzing Asset-Backed Securities: A Rating Analyst's Perspective (A. Silver).\u003cbr\u003e \u003cbr\u003e Credit Considerations in the Analysis of Asset-Backed Securities: A Research Analyst's Perspective (K. Weaver and S. Whitten).\u003cbr\u003e \u003cbr\u003e Considerations in the Credit Analysis of Commercial Mortgage-Backed Securities (J. Price and J. Story).\u003cbr\u003e \u003cbr\u003e Credit-Driven Prepayment and Default Analysis (M. Ervolini, et al.).\u003cbr\u003e \u003cbr\u003e AAA CMBS: Prospective Analysis to Manage Perception-Diminished Liquidity (M. Ervolini and A. Fazlullah).\u003cbr\u003e \u003cbr\u003e SECTION II: CASE SUDIES.\u003cbr\u003e \u003cbr\u003e Bergen Brunswig Corporation (F. Fabozzi).\u003cbr\u003e \u003cbr\u003e Einstein\/Noah Bagel Corporation (S. Tufo).\u003cbr\u003e \u003cbr\u003e Sun Healthcare Group, Inc. (S. Tufo).\u003cbr\u003e \u003cbr\u003e Windmere-Durable Holdings, Inc. (A. Alaimo).\u003cbr\u003e \u003cbr\u003e CII Technologies, Inc. (A. Alaimo and A. Roulac).\u003cbr\u003e \u003cbr\u003e DESA International, Inc. (A. Alaimo and A. Roulac).\u003cbr\u003e \u003cbr\u003e Bruno's Supermarket (S. Lewis).\u003cbr\u003e \u003cbr\u003e Tevecap (B. Stannforth).\u003cbr\u003e \u003cbr\u003e Dao Heng Bank (A. Aran).\u003cbr\u003e \u003cbr\u003e CanFibre of Riverside, Inc., Project (M. Pisecki).\u003cbr\u003e \u003cbr\u003e Nassau County, New York General Obligations (S. Feldstein).\u003cbr\u003e \u003cbr\u003e Erie Tobacco Asset Securitization Corporation (C. Hicks).\u003cbr\u003e \u003cbr\u003e Yellowstone Energy Limited Partnetship Project (S. Haberer).\u003cbr\u003e \u003cbr\u003e Port of Walla Walla Public Corporation (J. Colombo).\u003cbr\u003e \u003cbr\u003e Wisconsin Helath Facilities Authority Healthcare Revenue Bonds--RFDF Project, Series 1997 (M. Ross).\u003cbr\u003e \u003cbr\u003e JFK International Air Terminal LLC Project (D. Frasca).\u003cbr\u003e \u003cbr\u003e Bank of America 1997-1 Manufactured Housing Asset-Backed Security (J. Brown and W. Wadden IV).\u003cbr\u003e \u003cbr\u003e Conseco 2000-XX ABS (K. Weaver and J. Nimberg).\u003cbr\u003e \u003cbr\u003e Index for Chapters. 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. 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 Fabozzi's series is the gold standard for investment reference books. Always topical and often influential this is the first place I send students or practitioners when they want to get up to speed on a new area.\" (Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT)  \u003cp\u003e\"The Fabozzi series provides the ultimate educational encyclopedia for the global debt capital markets. Each day, billions of dollars of debt securities trade around the world according to the principles clearly and comprehensively explained in this unrivaled series dedicated to the advancement of our knowledge-based profession.\" (Jack Malvey, Managing Director, Chief Global Fixed-Income Strategist, Lehman Brothers)\u003c\/p\u003e \u003cp\u003e \"When in doubt, you can always look it up in a book by Frank Fabozzi. Fabozzi, who's not called the Prolific Professor for nothing, has written or edited dozens of textbooks on investing--all rock-solid, for advanced investors only.\" (Jason Zwieg, Money.com)\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988850262245,"sku":"NP9781883249915","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781883249915.jpg?v=1761781769","url":"https:\/\/k12savings.com\/products\/bond-credit-analysis-isbn-9781883249915","provider":"K12savings","version":"1.0","type":"link"}