Sub-Investment Grade Capital Structures?
Curious when analyzing a company's capital structure, what are the main things to look for when you decide where you would invest in a company's cap structure? Why a certain rank over the others?
FYI, work in the credit markets but not sub-investment grade, trying to learn more about HY/LL and when PMs/credit analyst analyze companies cap structure why they choose one over the others and why that is? I may be entirely asking this wrong, so bear with me.. Any insight would be much appreciated!
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