CreditSights had put a “market outperform” label on the deal. “We find the current levels for Illinois attractive, especially when compared to other states and even local bonds,” read a report…
Creditsights Global Head of Credit Strategy Winnie Cisar says the Federal Reserve may reassess its interest rate path should credit markets start pricing bonds too wide. “We’re in the approach to…
The purchase will be funded with a leveraged loan and high-yield bonds. CreditSights estimates this will dramatically increase Twitter’s annual interest expense to around $900 million, while Bloomberg Intelligence sees $750 million…
“Princeton is not alone in having tapped the corporate market,” Patrick Luby, senior municipal strategist at CreditSights, said. “M.I.T., Harvard, Northwestern, Stanford, Duke, and Yale all have at least $1 billion of corporate-CUSIP debt outstanding….
“The constant barrage of bids-wanteds is a new source of supply into the market, competing with the new-issue calendar for investors’ attention and dealers’ capital,” according to CreditSights‘ weekly report.
Exchange-traded funds saw another round of inflows at $1.002 billion versus $1.068 billion of inflows the week prior. Exchange-traded funds have seen $1 billion-plus inflows three times so far this year,…
Twitter’s leverage will increase drastically. CreditSights, a credit research firm, sees total leverage increasing to a ratio of 9 times a measure of earnings, up from 3.7 times previously, according to…
“There is much uncertainty,” Patrick Luby, senior municipal strategist at CreditSights Inc. put it to me in an email. “Will bosses really allow more WFH? Will employees really take advantage, or if…
According to calculations by CreditSights, a credit research firm, the bank financing alone will leave Twitter highly leveraged once the deal is completed. Twitter’s gross indebtedness will be nine times its…
Exchange-traded funds saw massive inflows at $1.068 billion — the largest figure since at least 2013, according to Pat Luby, a municipal strategist at CreditSights — versus $43 million of inflows the week…