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Find a Course Near You

Nov 5 - 6

Register for the Course

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This two-day course provides in-depth information on the rating practices employed by Moody's Investors Service for assessing high-yield credit risk.

Course Agenda

    This course provides delegates with an in-depth understanding of the publicly available methodologies used by our sister company, Moody's Investors Service, in the assessment of high-yield credit risk, including financial statement adjustments and covenant quality assessments. Designed as a fast-paced, advanced-level course, it is ideal for finance professionals who already work in or with high-yield securities and could benefit from a deeper understanding.

Gain advanced skills in high-yield analysis so you can:

  • Describe the credit rating process of Moody's Investors Service for high-yield issuers.
  • Understand and use the Moody's Investors Service public methodology for adjustments to financial statements.
  • Calculate and interpret key financial ratios used in the Moody's Investors Service credit rating process.
  • Understand subordination and the Moody's Investors Service loss given default (LGD) notching process.
  • Identify the essentials of high-yield covenants.
  • Understand the concepts behind alternative measures of risk, such as Moody's Analytics market-implied signals, and their use in credit analysis.

Who Attends?

  • Credit analysts
  • Ratings advisors
  • Investment and commercial bankers
  • Fixed income professionals (both buy and sell sides)
  • Portfolio/asset/fund managers
  • Equity analysts
  • Mergers and acquisitions (M&A) professionals
  • Banking supervisors
  • Credit risk professionals
  • Basel project managers
2018 Course Dates and Locations

Find a Course Near You

Nov 5 - 6