Economics Homework Help
FIN 683 Ashford University Credit Evaluation of Carnival Corp Discussion Paper
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A non-investment grade (e.g., junk or high-yield): Carnival Corp – CCL.GC
Evaluate the credit quality of your non-investment grade-rated bond. In your post, describe the following with respect to your non-investment grade rated bond:
- Seniority ranking of the bond.
- Capacity, as evidenced by the following ratios:
- EBITDA margin
- Return on capital
- Debt/capital
- Debt/EBITDA
- FFO/debt
- FCF after dividends/debt
- EBITDA/interest expense
- EBIT/interest expense