CreditSights News & Blog

Corporate debt investors brace for tighter financial conditions in 2022 MorningStar

Corporate debt investors brace for tighter financial conditions in 2022

The spread, or premium, investors earn on U.S. investment-grade corporate bonds (LQD) rose to near…

Maria AcevedoArticle published date: November 29, 2021

Dalian iron ore futures leap on restocking demand at steel mills Reuters

Dalian iron ore futures leap on restocking demand at steel mills

"With iron ore inventory in China at a record high and as steel production keeps…

Maria AcevedoArticle published date: November 30, 2021

Adler Defies Calls for Response to Fraud Allegations Yahoo Finance

Adler Defies Calls for Response to Fraud Allegations

There are again lots of promises and little detail,” CreditSights senior analyst David Shnaps said.…

Maria AcevedoArticle published date: November 30, 2021

November volume spikes as issuers come off the sidelines Bond Buyer

November volume spikes as issuers come off the sidelines

Many analysts predict total issuance will fall short of last year’s $484-billion-plus record as December’s…

Maria AcevedoArticle published date: November 30, 2021

China debt: there’s more than meets the eye Global Capital Asia

China debt: there’s more than meets the eye

The lack of transparency, for one, can have serious ramifications. This is especially as developers…

Maria AcevedoArticle published date: December 1, 2021

Junk to Drive 2022 Muni Supply to Record $500 Billion: Joe Mysak BNN Bloomberg

Junk to Drive 2022 Muni Supply to Record $500 Billion: Joe Mysak

As Patrick Luby of CreditSights wrote, “individuals have shifted from direct ownership of individual bonds to indirect…

Maria AcevedoArticle published date: December 1, 2021

Bay Area toll headwinds unlikely to pinch demand for $1.3 billion bond sale Bond Buyer

Bay Area toll headwinds unlikely to pinch demand for $1.3 billion bond sale

CreditSights in a Friday report described BATA as a strong credit due to its large, seven-bridge…

Maria AcevedoArticle published date: December 3, 2021

China Evergrande Shares Fall After Warning on Possible Dollar Bond Defaults MarketWatch

China Evergrande Shares Fall After Warning on Possible Dollar Bond Defaults

The 30-day grace period for US$82 million of coupon payments on onshore and offshore bonds…

Maria AcevedoArticle published date: December 5, 2021

Chicago ups refinancing to $2.2B after bondholders take tender offer Bond Buyer

Chicago ups refinancing to $2.2B after bondholders take tender offer

“They are deferring interest and if they are deferring interest how are they not slowing…

Maria AcevedoArticle published date: December 6, 2021

Evergrande set for restructuring, with no word on first formal default CNBC

Evergrande set for restructuring, with no word on first formal default

Those private debt obligations would likely include bonds of joint venture Jumbo Fortune and unit…

Maria AcevedoArticle published date: December 7, 2021

China’s Policy Pivot Has Traders Wondering How Far It Will Go BNN Bloomberg

China’s Policy Pivot Has Traders Wondering How Far It Will Go

We believe China has become increasingly more willing to accept slower growth over the short…

Maria AcevedoArticle published date: December 7, 2021

Connecticut Pension-Debt Paydown Boosts Bonds, CreditSights Says BNN Bloomberg

Connecticut Pension-Debt Paydown Boosts Bonds, CreditSights Says

Connecticut’s general obligation bonds are poised to outperform the broader municipal-debt market as surging tax…

Maria AcevedoArticle published date: December 13, 2021

Schumer brokers Amtrak-MTA funding deal on New York projects Bond Buyer

Schumer brokers Amtrak-MTA funding deal on New York projects

The PMT bonds are an overall positive for the MTA because they are lowering interest…

Maria AcevedoArticle published date: December 14, 2021

FirstEnergy CEO rebuilding utility’s reputation, value after bribery fallout S&P Global

FirstEnergy CEO rebuilding utility’s reputation, value after bribery fallout

"Everyone saw that deal coming," CreditSights analyst Andrew DeVries said referring to the FirstEnergy Transmission sale, "but…

Maria AcevedoArticle published date: December 17, 2021

Aluminium price retreat from six weeks high Capital.com

Aluminium price retreat from six weeks high

High aluminium prices bode well for Chinese producers. CreditSights on 17 December gave outperform recommendation for Chinese…

Maria AcevedoArticle published date: December 20, 2021

China Evergrande Scrapes Together More Cash From Tech Company Stake Sale Wall Street Journal

China Evergrande Scrapes Together More Cash From Tech Company Stake Sale

The troubled property giant sold a roughly 5.7% stake in Hong Kong-listed HengTen Networks over…

creditsightsArticle published date: November 5, 2021

Medco Energi pays up for proceeds uncertainty Global Capital Asia

Medco Energi pays up for proceeds uncertainty

Indonesian bond issuer found US support, but had to fork out a decent new issue…

creditsightsArticle published date: November 4, 2021

Jinan LGFV makes quick bond return Global Capital Asia

Jinan LGFV makes quick bond return

The Chinese state-linked borrower had to pay a premium for market volatility.

creditsightsArticle published date: November 4, 2021

Cracks widen in China high yield bonds Global Capital Asia

Cracks widen in China high yield bonds

Investors scout for safer credits as refinancing risks rise at Chinese property developers. 

creditsightsArticle published date: November 8, 2021

Puerto Rico Hearings Start With $1 Billion Bankruptcy Fees Bloomberg

Puerto Rico Hearings Start With $1 Billion Bankruptcy Fees

“I’m very concerned about the long-term economic growth,” John Ceffalio said. “The shrinking population down…

creditsightsArticle published date: November 8, 2021