Credit Analysis: Industry Specific Risks

Hi all,

Sorry if this seems like a stupid question, but I've been wondering if there exists a guide to understanding the key risks/characteristics of a company when performing credit analysis on an industry by industry basis? For example, retail more susceptible to cyclical downturn whereas other industries may have high visibility of recurring revenues.

If no general guide exists, what is the best approach to take to learn and educate one better?

Thanks in advance!

 

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