Standard & Poor's Fundamentals of Corporate Credit Analysis
by Blaise Ganguin, John Bilardello · McGraw-Hill
The standard book on how a rating agency actually builds a corporate credit view. Two S&P ratings veterans set out the rating-agency framework for corporate credit: business risk, industry and competitive position, cash-flow and ratio analysis, debt structure, and loss-given-default analysis. It shows how a company's financial profile maps to a rating.
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