CreditSights News & Blog

Anchorage, BlackRock hire adviser as SBB battle heats up Bloomberg

Anchorage, BlackRock hire adviser as SBB battle heats up

A group of investors holding more than €1 billion ($1.09 billion) of SBB bonds have…

Siobhan HodsonArticle published date: June 16, 2023

Berkshire unit fire suit heads toward multibillion-dollar finale Bloomberg

Berkshire unit fire suit heads toward multibillion-dollar finale

CreditSights utility analyst Andy DeVries said in a June 12 research note that a maximum…

Maria AcevedoArticle published date: June 14, 2023

Rising interest rates do not stop U.S. utility infrastructure, renewables spending S&P Global

Rising interest rates do not stop U.S. utility infrastructure, renewables spending

Spending on utility infrastructure and renewable energy projects in the U.S. and Canada is expected…

Siobhan HodsonArticle published date: June 12, 2023

$18.8B Magellan-Oneok deal may be in trouble because of tax issue S&P Global

$18.8B Magellan-Oneok deal may be in trouble because of tax issue

The fourth-largest investor in oil pipeline operator Magellan Midstream Partners LP plans to vote against…

Siobhan HodsonArticle published date: June 12, 2023

Barclays’ disco bonds from 1980s jump on looming repayment Bloomberg

Barclays’ disco bonds from 1980s jump on looming repayment

Some so-called disco bonds issued almost 40 years ago by Barclays Plc are nearing face…

Siobhan HodsonArticle published date: June 7, 2023

Focus turns to primary, munis outperform UST The Bond Buyer

Focus turns to primary, munis outperform UST

Municipals were little changed to weaker in spots Wednesday, while U.S. Treasuries sold off after…

Siobhan HodsonArticle published date: June 7, 2023

Special Situations Insight: At Home Group transaction may be the first intentional ‘double-dip’ financing; it won’t be the last Highlight

Special Situations Insight: At Home Group transaction may be the first intentional ‘double-dip’ financing; it won’t be the last

Check out one of the latest pieces published by Max Frumes, Global Head of LFI…

Siobhan HodsonArticle published date: June 2, 2023

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