“Oh, it is going to be an exciting [fourth-quarter] earnings season for sure,” CreditSights analyst Andrew DeVries said in a Jan. 20 email. “These are all positives for utility earnings growth and…
Some of that late-year issuance was to get in ahead of some US$18bn of funding needs to refinance 2021 maturities and those efforts are continued with Wednesday’s bond, according to…
There is not a one size fits all approach, Patrick Luby, municipal strategist at CreditSights, told The Bond Buyer. “If there is standardized disclosure or a higher level of comfort around…
Although the spread over senior credit is attractive to investors and rate resets are well protected from rising rate risks, the risk is not zero, said Jesse Rosenthal head of…
CreditSights said Jan. 7 that the Permian Basin now has pipeline takeaway of 6.4 million b/d, well above projected volumes into 2023. Utilization of Permian to Gulf Coast pipelines, which…
That is up from about 3% before the pandemic. Over the course of 2020, 64 borrowers defaulted on a total of $98 billion debt, according to an analysis from CreditSights.
Wall Street analysts anticipate that the surge will continue, with CreditSights analyst Patrick Luby forecasting that the pace of tax-free bond sales will drop this year to a more than two-decade low.
That was for last year, according to an analysis from CreditSights. It’s by far the tightest correlation since 1998, when the bond index was created. Before 2020, the average correlation was…
But an IPO of the business also presents longer-term issues for Genworth, CreditSights analyst Josh Esterov noted, as it is the company’s “crown jewel” and “the only thing keeping [Genworth’s] stock price from zero.”…
While debt issuance is widely expected to drop after shattering records last year, obligations earmarked for M&A should pick up, according to CreditSights. Such proceeds only made up 5% of 2020’s…