Fitch Solutions – New York/London – 5 May 2021: Fitch Group, a global leader in financial information services owned by Hearst, today announced that it has completed its acquisition of…
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The availability of government-guaranteed loans from banks and other forms of financing in Europe means that high-yield credit markets haven’t been the first port of call for companies looking to…
The run-up in Hertz’s stock price doesn’t “make any sense whatsoever”, said Glenn Reynolds, chief executive of CreditSights, on a call with investors on Monday, alluding to the role of retail…
The proposals go against the views of the European Central Bank and European Banking Authority, which have responsibility for bank regulation in Europe. “This looks like the usual political horse…
Patrick Luby, a muni bond analyst with CreditSights Inc., a financial research firm, said, state and city governments are expected to seek to balance budgets which were hammered by a plunge in…
Then there’s this: CreditSights analysts say part of J.C. Penney’s savings—$127 million to $260 million—from getting rid of debt in bankruptcy would be cancelled out by rent owed to investors.
Patrick Luby, a municipal-bond analyst with CreditSights Inc., said that investor sentiment has grown less negative as much of the country slowly reopens from the coronavirus shutdowns. At the same time, he…
While the deal makes sense for a lender like Bank of America with a large presence in green and social bond markets, it might not open the floodgates for similar…