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Fixed Income Research: The Overlooked Younger Brother of Equity Research?

Mergers and Inquisitions

And the credit rating agencies (S&P, Fitch, Moody’s, and Morningstar DBRS in distant 4 th place) specialize in fixed income research. The legal side is quite important because you must read the debt agreements to understand each issuance’s covenants and other terms. a credit rating vs. an investment recommendation).