CreditSights Senior Municipals Analyst John Ceffalio said he generally agreed with the Moody’s piece. But he added, “The bankruptcy and PROMESA are reminders that Congress can preempt territorial laws and change…
Last week’s primary market volume was the heaviest year-to-date, but this week’s expected total of less than $7 billion would be 25% lower than the one-year weekly average, noted CreditSights strategists Pat Luby…
How bad has 2022 been? The investment-grade corporate bond market’s total return was negative-12.3% on the year through April 29, compared with minus-8% for high-yield, negative-12.1% for convertibles and negative-12.9%…
Leveraged buyouts aren’t great for corporate balance sheets, to be sure. But credit-research firm CreditSights argues that Twitter’s bond investors will be better off if the deal is completed, even though the…
While Jabil customers include Apple and Amazon.com Inc., it is also focused on secular growth opportunities in different markets including 5G, electric vehicles, cloud computing and clean energy, CreditSights analysts Jordan Chalfin…
The default risk of LGFV public bonds is lower over the next 3-6 months compared to last year, with the sector set for “good funding conditions,” according to CreditSights
“While these revelations are not surprising for those of us that have been following Adler Group closely, they still come across as shocking for a listed company,” said CreditSights senior analyst David…
CreditSights said the bonds should be considered largely an LADWP credit given that it is the biggest power user among the 30 entities that have entered into 50-year take-or-pay power sales…
CreditSights strategists Pat Luby and John Ceffalio noted that municipal yields have been swinging between attractive and overly rich since March, which is leading to opportunities for crossover and taxable buyers.
“The combination of very supportive commodity prices and capital discipline means many producers have little to no borrowing needs,” Charles Johnston, senior analyst for high-yield oil and gas issues at credit research…