Asset-Backed Securities (ABS) Explained: Structure & Tranches
Learn how asset-backed securities (ABS) turn loans into liquid bonds, how tranche waterfalls work, and how credit enhancement protects senior noteholders.
credit ratings
S&P Global Buys OpenZeppelin to Rate Onchain Risk
S&P Global agreed to acquire OpenZeppelin to integrate smart contract audits and onchain risk metrics into institutional credit rating frameworks.
Credit Ratings Explained: How Moody’s, S&P, and Fitch Grade Debt
Credit ratings are opinions on default risk from SEC-designated agencies. What the scales mean, why the BBB-/Baa3 line moves markets.
Investment Grade vs High Yield Bonds: A Complete Guide
How investment grade and high yield bonds differ: rating cutoffs, spreads, default rates, recovery rates, and the math behind credit risk.
Investment Grade vs. High Yield: Credit Ratings, Spreads, and Default Risk
The difference between investment grade and junk bonds comes down to credit ratings, spreads, and default risk. Here’s how to read the credit market’s most important signals.