<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The purpose of this research is to test the resilience of issuers to the financial pressure generated by the commitments made in connection with the issuance of debt instruments (bonds) and to identify issuers whose financial position and performance present the susceptibility of a major default risk. The research actions involved determining the indicators specific to the fundamental analysis, applying the classic insolvency risk assessment models (Altman and Conan Holder) and assessing the future evolution of the key financial indicators on the basis of the forecasts. The results obtained confirm or disprove the existence of significant uncertainties regarding the ability to repay the bond loans.</p></abstract>

The purpose of this research is to test the resilience of issuers to the financial pressure generated by the commitments made in connection with the issuance of debt instruments (bonds) and to identify issuers whose financial position and performance present the susceptibility of a major default risk. The research actions involved determining the indicators specific to the fundamental analysis, applying the classic insolvency risk assessment models (Altman and Conan Holder) and assessing the future evolution of the key financial indicators on the basis of the forecasts. The results obtained confirm or disprove the existence of significant uncertainties regarding the ability to repay the bond loans.

Research regarding creditworthiness estimation for bond issuers listed on Bucharest Stock Exchange

Faculty of Economics and Law, ED1 Department – Economic Sciences

University of Medicine, Pharmacy, Sciences and Technology “George Emil Palade” from Targu Mures

Acta Marisiensis. Seria Oeconomica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The purpose of this research is to test the resilience of issuers to the financial pressure generated by the commitments made in connection with the issuance...

Research regarding creditworthiness estimation for bond issuers listed on Bucharest Stock Exchange

Published Online: Feb 01, 2020

Page range: 41 - 46

DOI: https://doi.org/10.2478/amso-2020-0005

Keywords
bond issuers, fundmental analysis, default risk, financial liabilities, creditworthiness

© 2020 Ioan Ovidiu Spătăcean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Research regarding creditworthiness estimation for bond issuers listed on Bucharest Stock Exchange

Published Online: Feb 01, 2020

Page range: 41 - 46

DOI: https://doi.org/10.2478/amso-2020-0005

Keywordsbond issuers, fundmental analysis, default risk, financial liabilities, creditworthiness

© 2020 Ioan Ovidiu Spătăcean et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
bond issuers, fundmental analysis, default risk, financial liabilities, creditworthiness