Fixed Income AM - Rates to Credit

I'm a semi-quant rates guy who is interested in learning more about Fixed Income buyside.

I'm interested in joining a fixed income AM or HF. I have an ok understanding of macro credit, oil/financials, etc. But for more micro stuff like retailers, I'm utterly clueless.

I know bond math and macroeconomics. However, I see that a lot of firms like PIMCO or Wellington focus a lot on credit. I don't have a good background on accounting/financial statement analysis and I never liked equities to begin with.

In Fixed Income buyside excluding rates/fx/securitized, how much accounting do I need (in IG vs HY vs Distressed) and what is the difference to say equity analysis?

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