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Industry Research
2008 and before since 2009 Industry Research Teaching Appraisals

 

 

Earlier Industry Research

The links below provide access to some sample fixed income and credit research reports, mostly written as an analyst working for Credit Suisse First Boston (CSFB). The original version of this page was published when I migrated to New Zealand in 1999. In the meantime, only a few more reports have been added.

New product / quantitative research

bulletPrimer on asset backed securities (ABS): Introduction to credit card ABS
bullet"CAT" bonds: WinCat bond (hail storm risk) (January 1997)
bulletQuantitative Research: Ultra-long and perpetual bonds

Sector research

bulletElectrical utilities 97/98: Credit research Swiss electrical utilities (0.61 MB)
bulletElectrical utilities 2001: Credit Handbook Swiss Electrical Utilities (4.2 MB!)
bulletNote on credit quality on Japanese Electric Power Companies (6 Oct 1998)
bulletPublic sector: Swiss public sector credit quality (2.04 MB!)
bulletMortgage backed: Swiss Pfandbrief institutions

Single credit research

bulletRetailing: Migros credit research
bulletBuilding materials: Holderbank credit profile (November 1998)
bulletElectronical apparatus: Zellweger credit profile  (February 1998)
bulletSteel / Oil & gas: USX credit model
bulletAutomotive: Toyota Finance New Zealand
bulletReal Estate: High Yield Research Rockefeller Center Inc. (October  1993)
bulletBanking: Credit Profile Zuger Kantonalbank (June 1998)
bulletIssuer profile Emissionszentrale Schweizer Gemeinden (3 June 1998)

New issue research

bulletUS life insurance: John Hancock CHF 500 m issue
bulletGerman Pfandbriefe in Swiss francs: Basics of German Pfandbriefs
bulletGerman banks: Credit aspects Bankgesellschaft Berlin

Yield / relative value analysis

bulletSegment yield analysis: Swiss bond market segment - full report (example Feb 8, 1999)
bulletQuality spreads: Credit spreads Swiss cantons, industrials, utilities (example Nov 23, 1998)
bulletCheap-rich analysis: Swiss corporates (example Nov 23, 1998)
bulletValuation special instruments:
Analysis of ultra-long-term and perpetual bonds in Swiss Francs (Oct 1998)
 Valuation table of ultra-long and perpetual Swiss bonds (Nov 23, 1998)

Some of this research has also been published in German

bulletA selection of such research is shown below
Holderbank Kreditprofil (November 1998)
Ultra-lange und ewige Anleihen in Schweizer Franken (October 1998)
Bonitätsaspekte Japanische Elektrizitätsgesellschaften (6 October 1998)
Emittentenprofil ENAG Energiefinanzierungs AG (July 1998)
Schuldnerprofil Emissionszentrale Schweizer Gemeinden (16 June 1998)
Nachrangige Anleihen von Grossbanken (21 April 1998)
Bonitätsaspekte Zellweger Luwa (February 1998)
Bonitätsanalyse Schweizerische Elektrizitätswerke (Dec 1997)
Emittentenprofil Bankgesellschaft Berlin (November 1997)
Citibank Credit Card ABS (October 1997)
Anlageüberlegungen Generali (September 1997)
Schweizer Pfandbriefinstitute ( August 1997)
Bonitätsaspekte Migros Genossenschaftsbund (August 1997)
Emittentenprofil SchIG (Schieneninfrastrukturfinanzierungs-Gesellschaft) (June 1997)
Bonitätsaspekte Weisse Arena Flims/Laax (June 1997)
Kreditanalyse Schweizer Raiffeisenbanken  (May 1997)
Würth Gruppe Company Update (March 1997)
Bonitätsaspekte Metro Finance (March 1997)
Bonitätsaspekte Gaznat SA (February 1997)
Bonds of Credit Suisse Group Companies (January 1997)
Wincat Wandelanleihe  (January 1997)
BIG Bundesimmobilien AG  (October 1996)
Wandelanleihe ESEC  (July 1996)
Anleihe Maag AG  (June 1996)
Brady Bonds  (May 1996)
FIPS and ALPS Anleihen in Schweizer Franken  (January 1996)
Bonitäts-Analyse Reifenindustrie  (February 1992)

 

 


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Copyright © January, 2009 Kurt Hess, University of Waikato
Last modified: 13-Jan-2009