FIXED INCOME RESEARCH
Mahat research analyst are competent enough to provide support in credit rating, financial and ratio analysis, covenant and indenture analysis, comparable debt analysis and analysis of off–balance sheet exposure. Our analyst are competent in supporting client’s research on high-yield and leveraged finance by building and maintaining forecasting models, using the models for stress testing, scenario analysis, adjusting the factors for modifications in risk as and when necessary.
Mahat research fixed income model support and portfolio managers and fund managers to subcontract the time consuming and tedious tasks to our team. With the assistance of our researcher’s fund, managers and traders make timely and well informed investment decisions. Mahat researchers track macroeconomic parameters, interest rates, government, corporate, municipal bonds and structured products. We follow all rating actions; monitors every news related to company that have bearing on the security valuation.
Fundamental Credit Research
Our team does extensive credit analysis for investment grade and high yield bonds together with relative value analysis, using cash bonds and CDS spreads. We do indenture review and covenant analysis also getting you credit appraisal of obligors to prepare credit memos for corporate banking division.
Financial Modelling Report
Mahat research analysts are proficient to build customized financial models to track financial projections, macroeconomic parameters, accounting numbers for companies operating in different industries and valuing the company based on income, market or asset based approach. We do credit modeling and forecasting, including off balance sheet adjustments and support clients in collateral evaluation and covenant analysis. Our team does data mining and also helps recovery valuation and waterfall modeling for distressed assets.
Macroeconomic Research
Mahat research analysts have good experience in
- Macro-economic analysis
- Country investment thesis
- Monetary and fiscal policy analysis
- Economic forecasting and budget analysis
Distressed Debt Analysis
Mahat researchers assist in valuing distressed debt securities with scenario analysis pertaining to recovery values and assess the effectiveness of covenants across different layers of debt. Our expert team members track news and events, along with an analysis of the impact on recovery prospects.
- Indenture and covenant analysis is done with forecasting recovery waterfall and valuation analysis
- The scenario analysis and stress-testing is supported with Building and maintaining detailed credit models and forecasting revenue equations and cost assumptions
- We analyze bondholder profiles, capital structures, covenants, de-leveraging potential, asset coverage, and liquidity and debt maturities
- Team does stress testing under different scenario and Sector screening on the basis of financial covenant compliance status and real-time tracking of news and events.
Structured Finance
Mahat research analysts support research, analysis and risk management activities related to structured products such as
- CDOs
- CLOs
- ABS
- MBS
Our analysts also provide valuation support for structured credit products using models provided by the client. We have been providing monthly, quarterly surveillance reports on various deals, securitized asset valuation, building credit derivative models and analyzing trading strategies.
- We carry out stress testing through calculation of PDs, LGDs, EAD and running multiple simulations on key indications, including interest rate, loss curve, prepayments, etc.
- We offer updates through flash reports on significant events in portfolio companies.
Credit Risk Management Support
Mahat research analyst support clients with
- ALM
- Interest rate sensitivity
- VaR analysis
- Risk reports
- Our research team provides cash flow modeling and shadow rating analysis
- Indenture and covenant monitoring for secured debt