Explore the role of Weighted Average Rating Factor (WARF) in assessing portfolio credit quality, particularly in collateralized debt obligations (CDOs).
Dive into the mechanisms of a waterfall payment structure, a systematic approach to debt repayment that prioritizes creditors differently, ensuring higher-tiered creditors are paid first. Understand its principles through a detailed example.
Learn how the Altman Z-Score can predict the financial health of a company and its likelihood of bankruptcy. Essential reading for investors and finance professionals.
Explore the intricacies of notching, a fundamental practice used by credit rating agencies to assign differentiated ratings to specific obligations of a single issuer. Learn how notching affects credit assumptions and investment decisions.