Credit Analysis

The corporate bond markets are a key financing markets for a variety of companies.  The first part of this seminar will introduce students to various corporate credit markets and to cover key concepts in credit analysis including the role the ratings agencies and typical financial ratios employed in order to determine the credit risk of a company. The primary focus will be the Investment Grade (IG) bond market. Several examples on how bonds are priced will be provided, and why an IG rating is desirable for a company today will be explained. If time permits, a further overview of other key bond markets (Government, Structured) will be covered.

Equity Valuation

You may be familiar with DCF analysis, but other approaches, such as multiple analysis, net asset value and sum-of-the parts valuation, are important techniques in providing a broader measure of equity valuation. An effort will be made to include several real world examples of how investment professionals value equities in the Energy and Financial sectors.

Andrew Henwood MBA'07 and  Jonathan Piskorowski MBA '07

2:00 p.m. – 3:00 p.m. Introduction to Credit Analysis

3:00 – 4:00 p.m. Introduction to Equity Valuation