“We are placing a market outperform recommendation on Santee Cooper’s bonds,” according to a report released Monday by CreditSights. “We see the worst of the authority’s credit troubles behind it.”
The transition should not affect state credit, though, said John Ceffalio, senior research analyst for municipals at CreditSights.
“Within education, college and university borrowing had the largest decline in par amount issued,” said CreditSights senior municipal strategist Patrick Luby. “We believe that part of the driver for that was the…
Based on Baidu’s outstanding bonds, CreditSights analysts including Joel Liauw estimated in a report that fair value is at 1.63% for the proposed 5.5-year note and 2.42% for the 10-year,…
“We expect further issuance from Indian banks given that the domestic market for AT1 issuance has shrunk following regulatory changes,” CreditSights analysts Yustina Quek and Pramod Shenoi said in a note.
“PRASA and the Oversight Board wanted to save money for ratepayers and to demonstrate they could access the muni market at relatively normal rates,” said John Ceffalio, CreditSights senior municipals analyst. “I…
CreditSights Senior Municipals Analyst John Ceffalio said, “It is encouraging to see Puerto Rico’s strong FY2021 revenues. This largely reflects an economic boost from federal aid. First, from federal COVID-related stimulus…
“We reiterate our market underperform on New York City’s General Obligation bonds (Aa2/AA/AA-) because current tight spreads are not sufficient compensation for risks to the city’s economic recovery,” according to…
CreditSights analyst Andrew DeVries noted the impairment change is “mostly related to three of the plants only recently coming online.”
Years ago, it seemed like it used to be if a taxable muni was not large enough to be index eligible, a lot of participants didn’t pay attention to it,…