“We see the debt ceiling as a tactical risk to our more bullish call on spreads,” analysts at CreditSights Inc. wrote, pointing to previous standoffs that caused spreads to widen…
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There is a lot of potential “good news” for Aflac in the foreseeable future as the insurer is set to launch new products and the COVID-19 situation in Japan is…
The measures will help liquidity of local government financing vehicles “in weak provinces, especially those with limited local financial/banking resources” and broader market sentiment onshore for LGFV bonds, according to…
From a credit perspective, bond buyers see merging public companies as a positive. “Investors are more focused on upside potential within M&A at this point, in which low-rated issuers could…
Meanwhile, credit analyst CreditSights said that the key officials who were announced to depart PLDT could have been the “parties deemed responsible” for the company’s budget overrun. “On the face…
Meanwhile, U.S. high-yield spreads over comparable Treasurys narrowed 41 basis points to 443 basis points as yields fell to 8.36%, according to the CreditSights note, dated April 17. Last week’s…
Mizuho does not expect that there are other interested buyers for Kentucky Power, which according to CreditSights has “some of the weakest credit metrics across AEP’s opcos at 10% FFO/debt”…
The self-led sale “may help thaw bank primary markets,” CreditSights Inc. analyst Jesse Rosenthal wrote in a note. “We continue to see strong value in the US banks and would…
Concerns about Adani finances started making headlines last year, when research firm CreditSights termed it “deeply overleveraged.” The group countered the claim by saying companies had reduced their debt burden.
“We are also somewhat concerned that this move speaks to further implosions at the Vision Funds, in the wake of the Silicon Valley Bank collapse,” says analyst Mary Pollock at…