CreditSights News & Blog

WeQuit: WeWork bonds sink after top executives resign from cash-burning company MarketWatch

WeQuit: WeWork bonds sink after top executives resign from cash-burning company

“It was an outrageously complex transaction,” said Evan DuFaux, a special situations analyst at CreditSights.…

Maria AcevedoArticle published date: June 2, 2023

NRG stock falls 4% as analysts question $1.75B South Texas nuclear plant sale S&P Global

NRG stock falls 4% as analysts question $1.75B South Texas nuclear plant sale

NRG Energy Inc.'s deal announced June 1 to sell its 44% stake in the 2,645-MW…

Siobhan HodsonArticle published date: June 2, 2023

3M is in at least $10 billion forever-chemicals pollution settlement Bloomberg

3M is in at least $10 billion forever-chemicals pollution settlement

3M Co. struck a tentative settlement of at least $10 billion over water pollution claims…

Siobhan HodsonArticle published date: June 2, 2023

Banks to woo AT1, preferred holders tackling Libor riddle Bloomberg

Banks to woo AT1, preferred holders tackling Libor riddle

Banks are likely to appease holders of a key set of securities as they try…

Siobhan HodsonArticle published date: May 31, 2023

Vedanta: Mining giant Glencore lends $250 million to rival Vedanta Resources Business Standard

Vedanta: Mining giant Glencore lends $250 million to rival Vedanta Resources

Calling Glencore’s debt investment as “eleventh-hour reprieve”, analysts say the group will be able to…

Maria AcevedoArticle published date: May 30, 2023

There were runs on banks, not on insurers. Here’s why. Wall Street Journal

There were runs on banks, not on insurers. Here’s why.

“The risk of a run on a leading life insurer is remote,” said Josh Esterov…

Maria AcevedoArticle published date: May 30, 2023

Debt-ceiling drama has some T-bills trading like junk bonds Bloomberg

Debt-ceiling drama has some T-bills trading like junk bonds

As the U.S. inches closer and closer to a debt ceiling debacle, some short-term government…

Siobhan HodsonArticle published date: May 24, 2023

Dish’s Charlie Ergen flew to Dubai to fundraise for satellite TV giant, source says New York Post

Dish’s Charlie Ergen flew to Dubai to fundraise for satellite TV giant, source says

With DISH needing additional capital and debt maturities next year, we need to see a…

Maria AcevedoArticle published date: May 18, 2023

Why muni mutual fund and ETF flows are diverging Bloomberg

Why muni mutual fund and ETF flows are diverging

Pat Luby, CreditSights senior municipal strategist, discusses the divergence between muni mutual funds and muni…

Maria AcevedoArticle published date: May 17, 2023

Elliott’s back for blood, but this time is harder Bloomberg

Elliott’s back for blood, but this time is harder

Above all, NRG diverted cash that could have been paid out to shareholders to instead…

Maria AcevedoArticle published date: May 16, 2023

Elliott’s campaign to boost NRG stock price could prove hard sell to investors S&P Global

Elliott’s campaign to boost NRG stock price could prove hard sell to investors

Elliott Management Corp.'s campaign to steer NRG Energy Inc. toward board changes, cost cuts and…

Siobhan HodsonArticle published date: May 16, 2023

How debt ceiling worries could play out in risky corporate bond market, according to CreditSights MarketWatch

How debt ceiling worries could play out in risky corporate bond market, according to CreditSights

"Congress and President Biden have only a handful of scheduled days in session to come…

Siobhan HodsonArticle published date: May 9, 2023

NiSource touts premium valuation in sale of Ind. utility stake to Blackstone S&P Global

NiSource touts premium valuation in sale of Ind. utility stake to Blackstone

CreditSights analysts agreed that NiSource's minority interest sale "compares favorably" to similar vertically integrated utility…

Maria AcevedoArticle published date: June 19, 2023

NM supreme court rejects request to return PNM-Avangrid merger to regulators S&P Global

NM supreme court rejects request to return PNM-Avangrid merger to regulators

Analysts at CreditSights said May 15 that the decision was a "clear setback but not…

Maria AcevedoArticle published date: May 16, 2023

US commercial real estate: Storm in a teacup or next shoe to drop? Euromoney

US commercial real estate: Storm in a teacup or next shoe to drop?

Despite the confidence of analysts such as CreditSights and the pockets of positivity that others…

Maria AcevedoArticle published date: May 10, 2023

Aflac shares rise as execs quell concerns over commercial mortgage pressure S&P Global

Aflac shares rise as execs quell concerns over commercial mortgage pressure

There is a lot of potential "good news" for Aflac in the foreseeable future as…

Maria AcevedoArticle published date: May 3, 2023

Debt Ceiling in Focus as Banking Turmoil Persists: Credit Weekly BNN Bloomberg

Debt Ceiling in Focus as Banking Turmoil Persists: Credit Weekly

“We see the debt ceiling as a tactical risk to our more bullish call on…

Maria AcevedoArticle published date: May 6, 2023

Pfizer borrows $31 billion in mega bond deal as debt issuance picks up ahead of debt-ceiling deadline MarketWatch

Pfizer borrows $31 billion in mega bond deal as debt issuance picks up ahead of debt-ceiling deadline

Bankers initially pitched the bonds to investors at a range of Treasurys plus 145 basis…

Maria AcevedoArticle published date: May 17, 2023

China Province Steps Up Effort to Seek State Help on Debt Woes BNN Bloomberg

China Province Steps Up Effort to Seek State Help on Debt Woes

The measures will help liquidity of local government financing vehicles “in weak provinces, especially those…

Maria AcevedoArticle published date: April 24, 2023

Indispensable Help in Times of Crisis Blog

Indispensable Help in Times of Crisis

When market volatility rises, our clients count on CreditSights to help navigate through the uncertainty.…

creditsightsArticle published date: April 19, 2023