Analysts at CreditSights said May 15 that the decision was a “clear setback but not a final blow to a deal going through.” They noted that the “consensus has been…
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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…
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…
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”…
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…
“On a single name credit basis we aren’t particularly concerned about the implications from a bank failure,” CreditSights analyst Josh Esterov said in an interview.
CreditSights noted the ratios of several utilities’ funds-from-operations-to-debt are trending positive and many utilities are maintaining stable EPS estimates, making negative regulatory and political headlines “manageable.” “When most utilities let holdco ratings…
“We do not see any significant or even slightly concerning refinancing risk for utility [holding companies] over the next two years into the higher interest rate environment,” CreditSights analysts wrote…
CreditSights analyst Andrew DeVries said investors will want management teams to explain “the impact on customer bills from soaring capex programs and how those capex programs will be financed.” “There…
CreditSights analyst Josh Esterov said in an interview that the IPO marked a “significant milestone” for AIG in a couple of different ways. “Just having an IPO process for a…