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Posts tagged ‘high yield’

Leverage vs. Coverage: The Importance of Multiple Metrics in Credit Analysis



Credit research is tough enough without trying to do it with one arm tied behind your back. Back in the day, credit analysts would diligently put together massive spreadsheets with all kinds of metrics that explained all aspects of a company’s financial performance and credit strength. These…

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Meeting Company Management Deepens the Credit Research Process



Yesterday, my colleague, Phelps Hoyt, gave some insight into how industry conferences play into the work of credit analysts at Principal Global Fixed Income. I want to expand a little on their role in our research process and the objectives I pursue when I’m able to attend an investor…

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