A Pragmatist's Guide to Leveraged Finance

Full Name
A Pragmatist's Guide to Leveraged Finance: Credit Analysis for Bonds and Bank Debt

A Pragmatist's Guide to Leveraged Finance is the first practical guide to credit analysis for today’s high-yield leveraged bond and loan markets. It focuses on how financial professionals actually prepare and use leveraged finance credit analysis, offering examples that address diverse scenarios. This book shows how to evaluate both financial liquidity and asset protection and demonstrates how to use the field’s key tools. Ultimately, it explains how to apply the insights that make analysis an art, not just a science.

Praise for A Pragmatist's Guide to Leveraged Finance

“The author applies his vast market experience to detail the underlying tenets of credit analysis in a user-friendly fashion. This is certain to become the go-to book for all participants in the leveraged finance market!”

Pat Dyson, Managing Director, UBS O’Connor

“Bob Kricheff’s extensive experience in leveraged finance makes him the perfect person to write what is a very helpful and easy-to-use book on credit analysis. He blends the technical aspects, along with the practical, to provide the reader with a thorough understanding of how analysts do their jobs.”

Terrence J. Mullen, CFA, Group Head of Public Research, Allstate Investments, LLC

“This book belongs on the bookshelf of anyone engaged in or considering investing in leveraged finance. It is a must-read for new analysts on the buy-side and the sell-side of the high yield marketplace. I cannot think of anyone, other than Bob, who is better positioned with deep knowledge and professional experience to pen this book.”

Linda Carter, Portfolio Manager and Vice President, Eaton Vance Investment managers

“Bob has been involved in a variety of roles in the high yield market since the market’s infancy in the 1980s. This book is an excellent resource for beginners who are trying to learn the intricacies of the high yield market as well as for experienced professionals looking to refine their credit skills. I found the book well written and I highly recommend it.”

Richard J. Lindquist, Managing Director, Morgan Stanley Investment Management