A couple of general questions on transistioning into a corporate credit analyst role:- coming from a structured finance credit background (mbs/abs/cdo), how difficult is it to transition into a corporate credit type of role?- What are some of the useful guidebooks/readings on corporate credits, distressed debt ..etc? - If I want to do some practice on real world case studies where can I find the materials ?Thank you!

Very tough market for MBS. The transition from structured finance to corporate credit is not easy. The overlap is not really that much. Having said that, a lot of shops traded MBS alongside with the loan product (ABS CDO and CLO). If you have experience with CLOs before, you can try the route of loans/ high yield credit analyst. A friend of mine managed to do that recently. Another possible path is to extract the residual value from your structured finance experience (ie be a specialist in REIT and home builder companies and become credit analyst who covers such areas). It would give you an edge.