Increasing complexity and globalization in capital-forming activities have directed renewed attention to the area of high-yield securities. This course reviews the basics of high-yield debt while providing an overview of relevant current issues.
Topics include credit analysis of risky debt, today's market for high-yield, seniority and subordination, use of "junk" bonds in leveraged buyouts, high-risk debt in troubled or leveraged companies, the effect of secondary markets and vulture funds, and debt structures in multi-layered or international corporate entities.
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Gain skills in high-yield analysis so you can:
Understand the crucial differences between seniority and subordination in credit.
Apply fundamental principles of analysis to high-yield debt.
Understand the dynamics of the high-yield market in different environments.
Anticipate questions faced by debtholders during financial distress and bankruptcies.
Investment and commercial bankers
Fixed income professionals (both buy and sell sides)
This is a sample only. Upon request, Moody’s Analytics shall provide an invitation letter for those attendees who require a visa. You can request the visa invitation letter via email to firstname.lastname@example.org only after your registration for the respective course is completed and the proof of payment is attached in the request email.