In your primeval Bloomberg inferiortaking you allure feel to use Altman’s Z beak to state if companies Boeing is going to fall in the adjacent forthcoming.
For elapsed knowledge, see: http://en.wikipedia.org/wiki/Altman_Z-score.
The forthcoming is the formula for most exoteric companies (there are weak differences for financial companies, peculiar companies as so on)
X1 = Working Capital / Total Assets
X2 = Retained Earnings / Total Assets
X3 = EBIT / Total Assets
X4 = Market Value of Equity /Book Value of Total Liabilities
X5 = Sales/ Total Assets
A Z beak remarkable than 2.99 is considered a secure beak; among 1.8 and 2.99 it is a grey area; inferior 1.8 is the insecurity area.
Each of you were assigned a “blue-colored chip” audience. You allure insufficiency to perceive a audience that is in elapsed insecurity than blue-colored-colored chips. Bloomberg uses a order of rankings and scolds the likelihood of lapse. It is inferior the employment DRSK. The forthcoming snatch demonstrations an illustration. You allure picked companies after a while HY 2 and aloft. Those companies feel remarkable probabilities of lapse.
To picked such companies I propose that you quest for companies that feel bonds rated CCC- to CCC+. To do so you allure insufficiency to go to CORP and do a quest. I propose the forthcoming fields for your quest. However, any other way you bequeath to picked companies after a while a tall HY is artistic by me.
Once you feel the promote audience you allure feel to scold the Z beaks for the elapsed three years for twain companies. You allure collate the beaks among the “blue-colored chip” and the “insecurity zone” audience and state if the Z beak you scoldd is concordant after a while the one that you can perceive for twain companies in Bloomberg. In specification, you allure see if the Z beak you scoldd is correlated after a while the likelihood of lapse that Bloomberg scoldd in DRSK. As a blank you allure insufficiency to constitute a foretelling if the insecurity zone audience allure lapse in the proximate two years.
You allure bestow your results in a format that allure apprehend your computations, your comments and the expedient Bloomberg snatchs that demonstration your fruit (largely the DRSK snatchs of your two companies and some snatchs demonstrationing an illustration on how you extracted the applicable basis.)