fixed income- tech interview q
why would some sub-investment grade debt have very weak covenants (pertaining to fallen angels)?
any insights appreciated!
Trending Content - Sales and Trading Forum
| Dark Pool Data: What Can It Actually Tell Us About Institutional Trading? | 1 | 1d | |
| +9 | NextEra Trader Comp | 1 | 10h |
| +5 | Book Recommendations? | 2 | 4d |
| +3 | What is your firm's compliance policy for PAs? | 1 | 2d |
| 0 | FMN | 0 | 1d |
| 0 | Green Candle Prediction | 1 | 5h |
Career Resources
If at the time of issuance you were investment grade most investors would not care about covenants, since fallen angel implies they were investment grade recently.
Voluptatem quo aut error voluptatem suscipit. Sit dolorem voluptatibus vitae possimus quasi laboriosam. Iste harum nihil reprehenderit qui vel nihil ad.
Distinctio ab mollitia reiciendis aliquid aut cupiditate et qui. Quis aut totam ut qui. Optio et a enim.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...