9 questions

Debt & credit

Loans vs bonds, ranking, covenants, ratios and ratings.

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Core 3

  1. 01 Walk me through a typical capital structure and who gets paid first. Frequently askedInternAnalyst
  2. 02 How do bank loans differ from bonds? InternAnalyst
  3. 03 How do floating-rate loans work, and what is a floor? Analyst Plus

Intermediate 6

  1. 01 What is the difference between maintenance and incurrence covenants? Analyst
  2. 02 Which credit ratios do lenders look at, and what is a good level? Analyst Plus
  3. 03 What is PIK interest, and why would a borrower use it? Analyst Plus
  4. 04 What is structural subordination? Analyst Plus
  5. 05 What separates investment grade from high yield? Analyst Plus
  6. 06 How would you assess a company's credit risk? AnalystAssociate Plus