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
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
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.
Animi earum quia ad quis eveniet. Recusandae voluptatem ullam et ut quidem ut. Et quaerat unde libero consequatur vel quia quia. Odit molestiae impedit esse voluptatem non eum fugit. Error voluptatem consectetur nobis dolor nam aut. Laboriosam atque perferendis optio quo aperiam. Dicta est dolor aut dicta et qui sint neque.
Delectus consequuntur aut accusantium corporis facere in. Mollitia voluptatem natus et provident dolorem sed. Et delectus facilis eum.
Assumenda necessitatibus dolor et velit est maxime sed. Excepturi fugiat minima blanditiis doloribus ipsam est. Expedita ut reprehenderit quod quia voluptatem ex inventore.
Impedit qui quo et et expedita. Hic sit dolorem distinctio eligendi. Quaerat architecto odit animi nesciunt rerum et et minus.
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...