Professional Development: Relative Value and Financial Modeling

Nicole Byrd and John R. Mousseau

Municipal Finance Journal, 2020, vol. 40, issue 4, 137 - 155

Abstract: This professional development panel discusses incorporating relative value and financial modeling into the credit analysis process. The intersection between portfolio management and credit analysis has become increasingly fluid and dynamic. It is essential to evaluate relative value opportunities across credits, sectors, and asset classes, as well as to incorporate forward-looking scenario analyses into the review process. Familiarity and understanding of relative value, projections, and financial modeling have increasingly become required skillsets. The panel reviews the fundamentals to incorporate both relative value and financial modeling into analyses to make informed forward-looking evaluations.

Date: 2020
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