We study the effect of a bond's place in its issuer's maturity structure on credit risk. Using a structural model as motivation, we argue that bonds due relatively late in their issuers' maturity structure have greater credit risk than do bonds due relatively early. Empirically, we find robust...

This paper presents an analysis of the factors that affect US corporate credit spreads. Using data from Bloomberg we investigate the various determinants that cause changes in credit spreads of US corporate firms. As previous research has shown, the variables that should be based on theory...