Our Risk Assessment
Process incorporates these important elements:
Fundamental Analysis
As a foundation to our research process, we assess
each bond's fundamental ability and likelihood
of repayment using conventional and unique methods
of analyses. We weigh heavily on appraising a
credit's leverage and cash flow as well its economic
basis for growing its revenue and net income coverage.
Credit Momentum
We seek to achieve consistent, above average benchmark
performance through our inspection and recognition
of tangible and intangible changes in credit direction
or momentum. Analysts make a scoring judgment
relative to their confidence in the credit direction
of individual credits and industries relative
to short and long term horizon.
Relative Value
Based
on our view of a credit's fundamental quality and
credit momentum, we assess historical and current
pricing to determine whether the bonds fit our
criteria for performance.
The
McDonnell Research Team makes public select findings and
reports. Visit the Market
Insights section to view commentaries and
market outlooks.
