Ronane asks Larent to discuss the factors that CCHC should consider before investing in the bonds of international companies. Larent replies that the international bond universe consists of companies that are located in both developed markets and emerging markets. In term of factors to consider, Larent states that a company’s credit ratings are independent from the sovereign rating of its domicile and that bankruptcy laws apply equally to all investors of any particular company’s bond issuances. Larent adds that being able to accurately predict credit cycles is important because of regional differences across the global credit universe.
翻了半天ppt没有找到，求查漏补缺
