Continued fractions and Bessel functions

Elementary transformations of equations $A\psi =\lambda \psi$ are considered. The invertibility condition (Theorem 1) is established and similar transformations of Riccati equations in the case of second order differential operator $A$ are constructed (Theorem 2). Applications to continuous fractions for Bessel functions and Chebyshev polynomials are established. It is shown particularly that the elementary solutions of Bessel equations are related to a fixed point transformations of Riccati equations.