As part of such a transaction, the company needs to enter into a trade known as an interest-rate swap with a bank, which essentially turns the bond the corporation issued…
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“The banks are probably breathing a sigh of relief especially those that were committed to the unsecured piece,” said Davis Hebert, senior analyst at CreditSights Inc. “It would’ve been difficult…
The ratings upgrade, “that affirms what the market has recognized, that the state’s political leadership has shown a willingness to address the accumulated financial problems,” said Patrick Luby, a CreditSights…
Yield-seeking looks to be the main reason behind China’s shift from US Treasuries to agency mortgage-backed securities, said Zerlina Zeng a senior China credit analyst at CreditSights Inc. in Singapore.
Research firm CreditSights red-flagged the Adani Group’s “elevated” leverage last year. The group pushed back against the report, calling leverage ratios “healthy.”
More “defensive names” in the European real estate sector may look to tap the primary market for new senior unsecured bonds, “possibly sooner rather than later,” according to a CreditSights…
“The high-yield market has a lot of things going for it,” Winnie Cisar, CreditSights global head of credit strategy, said on Bloomberg Television’s Real Yield. “An almost 5% yield-to-worst feels…
“This is a signal from the top regulators in an attempt to help restore market confidence in the real estate sector and create a positive feedback loop between the homebuyers,…
“With customer bills rising, you are going to see regulators shine a lot more light on specific spending on projects,” CreditSights utilities analyst Andy DeVries said in an interview. “They are going…
“To the extent that Musk could buy back the debt at a significant discount to par, that seems like a plausible scenario,” said Jordan Chalfin, a senior analyst at credit…