Credit Pro
Institutional credit-analyst training: 5 Cs, leverage and coverage metrics, covenant taxonomy, recovery analysis, capital structure, distressed debt, BDC and private-credit fluency, and the 10-K reading muscle that anchors all of it.
Who it’s for: Working credit analysts, leveraged-finance associates, distressed-debt PMs, BDC portfolio managers, and the analysts who cover them.
Start this track → — no account needed; the lessons are free.
Reading SEC Filings: A Field Guide
- The 10-K: A Field Guide to the Annual Report
- Reading 13D, 13G, and Form 4: Ownership and Insider Filings — 13D vs 13G vs Form 4, decoded: who files each, on what deadline, and how to track activist stakes and insider trades straight from the filings.
Understanding Bonds and Fixed Income
- Capital Structure: Who Gets Paid First?
- What Is a Bond? — What is a bond? A bond is a loan to a company or government that pays you fixed interest (the coupon) and returns your principal at maturity. Explained simply.
- Price vs Yield: The Seesaw Relationship
- Duration: Measuring Interest Rate Risk
- SOFR: The Rate That Replaced LIBOR
- Credit Spreads: Pricing Default Risk
Credit Analysis Fundamentals
Advanced Fixed Income
Derivatives Beyond Options
BDC Investing -- Public Access to Private Credit
- What is a Business Development Company?
- Reading a BDC's Schedule of Investments
- Yield Decomposition -- Is the Dividend Safe?
- Non-Accruals -- The #1 Credit Metric — Non-accruals are the #1 BDC credit metric: what non-accrual status means, the normal/warning/crisis benchmarks, and why the rate of change matters more than the level.
- Leverage and Regulatory Limits