“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…
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“Their next refinancing is now less than two years away. I would think they would probably look to do something about that maybe early next year,” said Amarveer Singh, a…
Charles Johnston, a senior analyst for high-yield and investment-grade E&Ps at research firm CreditSights, said the splintered nature of asset ownership in the basin makes it ripe for consolidation. “Large…
There are often also other incentives for purchasing portfolio company debt, according to CreditSights’s global head of strategy Winnie Cisar.
“Where we are in the interest rate environment is not an exciting time to say, ‘I should be putting money into munis right now,’” said Pat Luby, a senior municipal…
Analyst Zerlina Zeng at CreditSights notes that “we think that the corporate reorganization reduces the risk of cash burn for Alibaba to fund unprofitable business lines.”
CreditSights maintained its “outperform” recommendation on Alibaba after it announced its overhaul plans, adding that the plans won’t have much of an impact on the company’s credit. “We see a…
A similar proposal released Tuesday by Sunac China Holdings Ltd., once among the country’s five biggest developers, aims to replace dollar notes with new debt maturing in two to nine…
Lakshmanan R, a senior credit analyst at CreditSights, expressed confidence that Agarwal will live to see another day. Agarwal has teetered on the brink of defaulting before, he said, “but…
Regional bank bonds are offering investors a “once-in-a-decade buying opportunity,” according to research firm CreditSights. Along with their shares, the bonds of regional banks have been hit hard since Silicon…