Using the Standard & Poors Global Market Intelligence

Any inference on agency cost of debt can be made from recent debt offerings of the firm. If creditors

are concerned about agency costs, then they will demand stricter credit terms. You can search for the company filings at SEC. Use Filings and Company Filing Search to find the company. Once the company is identified, you will see recent filings. View filings will allow you to enter text search in recent filings, so use the term credit agreement to locate recent filings where the term is used. In those filings look for any changes in credit terms.

How would you explain the firms capital structure (financing policy) changes during the time data is available using all the relevant factors/theories? Please make sure to relate specific observations (data points) from sources above to capital structure theories.

\begin{tabular}{|l|l|} \hline Variable & Source \\ \hline Boeing business descriptions -asset characteristics. & Company Summary - Tearsheet and - long business description \\ \hline Competitors & Peer Analysis - Quick Comps \\ \hline Capital structure & Financials / Valuation - Key Ratios to get historical financial data \\ \hline Maturity schedule of debt & Fixed Income - Summary \\ \hline Profitability & Financials / Valuation - Key Ratios to get historical financial data \\ \hline Taxation & Financials / Valuation - Key Ratios to get historical financial data \\ \hline Growth & Financials / Valuation - Key Ratios to get historical financial data \\ \hline Credit rating & Company Summary - Tearsheet to get historical credit ratings \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Variable & Source \\ \hline Likelihood of financial distress & Financials / Valuation - Key Ratios to get historical financial data, and Altman's Z-score. Z-score