Series 7 Exam Prep 30, Municipal Bond Credit Analysis
Episode 2 min 57s

Series 7 Exam Prep 30, Municipal Bond Credit Analysis

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How to analyze the creditworthiness of General Obligation (GO) bonds by focusing on the issuer's tax base, debt burden, economic characteristics, and financial health. - The key factors in Revenue bond analysis, including the feasibility study, debt service coverage ratio, and the flow of funds. - The importance of the trust indenture and its protective covenants, such as the rate covenant and the additional bonds test. - Common exam traps, like distinguishing between net and gross revenue pledges and understanding the concept of overlapping debt. - A simple mnemonic to differentiate between the backing of GO bonds (taxes) and Revenue bonds (project earnings). For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

You May Also Like

Community discussion