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Additional Credit Monitor Training:
Credit Monitor/Public Firm EDF Training - Online Tutorials
Credit Monitor/Public Firm EDF Training - Online
Credit Monitor/Public Firm EDF Training - Classroom |
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Overview
This customized training provides a thorough and practical understanding of the public firm EDF methodology and its application using Credit Monitor. Participants learn to use Credit Monitor to analyze default risk of public firms through hands-on exercises. Basic through advanced concepts are explained in an intuitive and interactive format, encouraging participants to ask questions and discuss product-related issues and concepts. All parts of the training are customizable to suit the clients' needs. In addition to the topics outlined below, past customizations have included training on EDFs for financial firms, modeling M&A transactions and in-depth analyses of client-specific firms.
This course, lasting up to a day, is available at client sites only and may be customized to fit client needs. Request Client-Site Customized Training
Who Should Attend
This training is targeted to credit professionals who wish to better understand the Moody's KMV EDF model and its implementation in Credit Monitor, so that they can fully utilize it to analyze credit risk of public firms.
Objectives
On completion of the training, participants will:
- Understand the public firm EDF methodology and its implementation in Credit Monitor
- Understand the relationship between a public firm's capital structure, its market value of equity, and its market value of assets, and how it is used to calculate its probability of default.
- Know how to use Credit Monitor to understand the drivers behind a firm's default risk, compare a firm with other firms or peer groups, and do what-if and pro-forma analyses
- Understand the specific inputs and outputs of the public firm EDF model and Credit Monitor
- Be able to explain to colleagues the material and concepts covered during training
Topics
- What is EDF? What causes a firm to default?
- EDF Drivers: Market Value of Assets, Asset Volatility, and Default Point
- Calculating Market Value of Assets: Equity as a Call Option on Assets
- Calculating Asset Volatility
- Calculating Default Point
- Combining EDF Drivers to calculate Distance-to-Default
- Empirically mapping Distance-to-Default to EDF
- EDF Validation
- Hands-On Exercises: Analyzing EDF, EDF history, and EDF Drivers
- Hands-On Exercises: Comparing a firm with other firms and peer groups
- Hands-On Exercises: What-if Analysis, Pro-forma Analysis
- Q&A
Materials
Participants will receive a training package with presentation material and reference documents for use during and after the seminar.
Credit Monitor Training is fully customizable and available at client sites. Request Client-Site Customized Training
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