CreditSights News & Blog

Munis better but still on track for worst year on record The Bond Buyer

Munis better but still on track for worst year on record

“Due to the lagging performance of the tax-exempt market, the ratios of muni versus taxable…

Maria AcevedoArticle published date: May 23, 2022

State-driven deals underwhelm IFR

State-driven deals underwhelm

The deal sizes were also small, as onshore corporate bond issues tend to top Rmb500m.…

Maria AcevedoArticle published date: May 27, 2022

Some Retailers Had Weak Earnings. Defaults Still Aren’t on the Horizon. MarketWatch

Some Retailers Had Weak Earnings. Defaults Still Aren’t on the Horizon.

Still, CreditSights analyst James Goldstein kept an Underperform rating on Gap following the recent results. Based on…

Maria AcevedoArticle published date: May 31, 2022

Total issuance down in May led by 70% drop in refundings The Bond Buyer

Total issuance down in May led by 70% drop in refundings

As has been the trend in recent months, total issuance for May was down year-over-year.…

Maria AcevedoArticle published date: May 31, 2022

FedNat shares tank further as insurer cancels policies, CFO resigns EXCLUSIVE S&P Global

FedNat shares tank further as insurer cancels policies, CFO resigns EXCLUSIVE

CreditSights analyst Josh Esterov said in an interview that the Florida insurance market is in…

creditsightsArticle published date: May 20, 2022

Munis face continued selling pressure, ICI reports $6.2B outflows The Bond Buyer

Munis face continued selling pressure, ICI reports $6.2B outflows

Exchange-traded funds saw another round of inflows at $1.002 billion versus $1.068 billion of inflows the…

Maria AcevedoArticle published date: May 11, 2022

Princeton to bring $300M corporate CUSIPs, $300M exempts The Bond Buyer

Princeton to bring $300M corporate CUSIPs, $300M exempts

“Princeton is not alone in having tapped the corporate market,” Patrick Luby, senior municipal strategist…

Maria AcevedoArticle published date: May 16, 2022

Munis sit on sidelines ahead of large GO deals The Bond Buyer

Munis sit on sidelines ahead of large GO deals

“The constant barrage of bids-wanteds is a new source of supply into the market, competing…

Maria AcevedoArticle published date: May 16, 2022

Creditsights’ Cisar Says Bond Spreads Approaching ‘Danger Zone’ MSN Money

Creditsights’ Cisar Says Bond Spreads Approaching ‘Danger Zone’

Creditsights Global Head of Credit Strategy Winnie Cisar says the Federal Reserve may reassess its interest…

Maria AcevedoArticle published date: May 17, 2022

Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden BNN Bloomberg

Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden

The purchase will be funded with a leveraged loan and high-yield bonds. CreditSights estimates this will dramatically…

Maria AcevedoArticle published date: May 17, 2022

China SOEs should get their act together Global Capital Asia

China SOEs should get their act together

Peer Spic is a frequent borrower, with its $500m 5.8% perpetuals becoming callable on 21…

Maria AcevedoArticle published date: May 18, 2022

Market volatility blunts impact of Illinois’ ratings upswing in primary outing The Bond Buyer

Market volatility blunts impact of Illinois’ ratings upswing in primary outing

CreditSights had put a “market outperform” label on the deal. "We find the current levels for…

Maria AcevedoArticle published date: May 18, 2022

Progressive’s shares fall as combined ratio rises, policy growth slows S&P Global

Progressive’s shares fall as combined ratio rises, policy growth slows

Progressive has historically been one of the most consistent and most profitable auto insurers for…

Maria AcevedoArticle published date: April 14, 2022

China Jitters Mount as Easing Calls Echo Across Trading Floors BNN Bloomberg

China Jitters Mount as Easing Calls Echo Across Trading Floors

“We see rising headwinds to China’s growth in 2022,” Zerlina Zeng, senior research analyst at CreditSights Singapore…

Maria AcevedoArticle published date: April 18, 2022

Apple Supplier Jabil Debuts Green Bond in Renewable Energy Push BNN Bloomberg

Apple Supplier Jabil Debuts Green Bond in Renewable Energy Push

While Jabil customers include Apple and Amazon.com Inc., it is also focused on secular growth…

Maria AcevedoArticle published date: April 20, 2022

Musk’s Twitter Deal Would Add Lots of Debt. Bondholders Should Root for It Anyway. Barrons

Musk’s Twitter Deal Would Add Lots of Debt. Bondholders Should Root for It Anyway.

Leveraged buyouts aren’t great for corporate balance sheets, to be sure. But credit-research firm CreditSights argues that…

Maria AcevedoArticle published date: April 28, 2022

Puerto Rico bankruptcy lessons show credit outweighs legal protections The Bond Buyer

Puerto Rico bankruptcy lessons show credit outweighs legal protections

CreditSights Senior Municipals Analyst John Ceffalio said he generally agreed with the Moody’s piece. But he…

Maria AcevedoArticle published date: May 2, 2022

Munis see more losses to kick off May; 1-year muni approaches 2% The Bond Buyer

Munis see more losses to kick off May; 1-year muni approaches 2%

Last week's primary market volume was the heaviest year-to-date, but this week's expected total of less…

Maria AcevedoArticle published date: May 2, 2022

Bond-market ‘wreckage’ in early 2022 unlikely to become the norm, says Nuveen CIO MarketWatch

Bond-market ‘wreckage’ in early 2022 unlikely to become the norm, says Nuveen CIO

How bad has 2022 been? The investment-grade corporate bond market’s total return was negative-12.3% on…

Maria AcevedoArticle published date: May 2, 2022

Munis mixed, USTs rally on short end after half-point rate hike The Bond Buyer

Munis mixed, USTs rally on short end after half-point rate hike

Exchange-traded funds saw massive inflows at $1.068 billion — the largest figure since at least 2013,…

Maria AcevedoArticle published date: May 4, 2022