CreditSights News & Blog

Wall Street response muted as Vistra blames gas system for $1.6B impact S&P Global

Wall Street response muted as Vistra blames gas system for $1.6B impact

CreditSights analyst Andrew DeVries in an April 26 research report said Vistra's shares barely moved as "investors…

Maria AcevedoArticle published date: April 26, 2021

Supply-challenged week to end month keeps munis steady Bond Buyer

Supply-challenged week to end month keeps munis steady

Last week's new-issue supply volume of $12.7 billion was the largest so far this year,…

Maria AcevedoArticle published date: April 26, 2021

Birkenstock Adds Rare Default Protection Clause in Bond Deal Bloomberg Quint

Birkenstock Adds Rare Default Protection Clause in Bond Deal

“The terms are aggressive, and perhaps the sponsor is looking to set a precedent for…

Maria AcevedoArticle published date: April 27, 2021

NIU borrows to finance dorm expansion after enrollment gains Crain's

NIU borrows to finance dorm expansion after enrollment gains

“I think they are trying to pitch some of the impact investors,” John Ceffalio, senior…

Maria AcevedoArticle published date: April 27, 2021

US banks swing by euros in global funding wave Global Capital

US banks swing by euros in global funding wave

Maria AcevedoArticle published date: April 29, 2021

Pressure’s on as 10-year approaches 1%, but fund flows hold sway Bond Buyer

Pressure’s on as 10-year approaches 1%, but fund flows hold sway

CreditSights noted earlier in the week that the summer redemption season is fast approaching — issuers…

Maria AcevedoArticle published date: April 29, 2021

Fertiliser industry emerges from nine-year funk News PostWall

Fertiliser industry emerges from nine-year funk

Eventually the boom will lead to a correction. Andrew Brady, a chemical industry analyst for CreditSights,…

Maria AcevedoArticle published date: April 30, 2021

Employees Won’t Decide When to Return to Office BNN Bloomberg

Employees Won’t Decide When to Return to Office

“There is much uncertainty,” Patrick Luby, senior municipal strategist at CreditSights Inc. put it to me in…

Maria AcevedoArticle published date: May 3, 2021

Texas Sees Deficit Disappear as Tax Revenue Surges on Reopening BNN Bloomberg

Texas Sees Deficit Disappear as Tax Revenue Surges on Reopening

“The increase in Texas revenue estimates is consistent with what we’ve seen in other states…

Maria AcevedoArticle published date: May 3, 2021

JPMorgan Sells $13 Billion of Bonds in Largest Bank Deal Ever Bloomberg Quint

JPMorgan Sells $13 Billion of Bonds in Largest Bank Deal Ever

“Banks are always going to be hefty issuers, which lends a certain opportunism to tapping…

Maria AcevedoArticle published date: April 16, 2021

Wall Street banks pivot from pandemic to boom times Axios

Wall Street banks pivot from pandemic to boom times

“We’re gonna know when the crisis is over when people start borrowing again and when…

Maria AcevedoArticle published date: April 14, 2021

Major US airlines shun government’s $25bn emergency pandemic loans Irish Times

Major US airlines shun government’s $25bn emergency pandemic loans

“The market has been open like crazy for airlines,” said Roger King, a senior analyst…

Maria AcevedoArticle published date: April 12, 2021

Airlines Shun U.S. Bailout After Markets Offer Better Terms BNN Bloomberg

Airlines Shun U.S. Bailout After Markets Offer Better Terms

“The market has been open like crazy for airlines,” said Roger King, a senior analyst…

Maria AcevedoArticle published date: April 12, 2021

Analysts still fret over Genworth’s ability to pay debt as Oceanwide deal dies S&P Global

Analysts still fret over Genworth’s ability to pay debt as Oceanwide deal dies

CreditSights analyst Josh Esterov said the company has "built itself a nice pathway" for meeting its…

Maria AcevedoArticle published date: April 8, 2021

Illinois Wants to Use Federal Windfall to Reduce Debt, Bills BNN Bloomberg

Illinois Wants to Use Federal Windfall to Reduce Debt, Bills

“There’s a healthy dose of skepticism that they make the right choices,” said John Ceffalio,…

Maria AcevedoArticle published date: April 7, 2021

Real Estate Data Firm CoreLogic to Sell $4 Billion Buyout Loan Bloomberg

Real Estate Data Firm CoreLogic to Sell $4 Billion Buyout Loan

While U.S. banks’ balance sheets remain flush with deposits, loan growth is likely to remain…

Maria AcevedoArticle published date: April 10, 2021

Credit Suisse rallies despite bigger hit on Archegos Global Capital

Credit Suisse rallies despite bigger hit on Archegos

Maria AcevedoArticle published date: April 6, 2021

SG ends ‘refocusing programme’ with sale of Lyxor to Amundi Global Capital

SG ends ‘refocusing programme’ with sale of Lyxor to Amundi

Puja Karia, an analyst at CreditSights, noted that Lyxor had accounted for about 1% of…

Maria AcevedoArticle published date: April 7, 2021

Nomura’s announcement of potential $2 billion loss was ‘unfortunate,’ says analyst CNBC

Nomura’s announcement of potential $2 billion loss was ‘unfortunate,’ says analyst

Pramod Shenoi of CreditSights says Nomura was having a “stellar year” prior to its recent…

Maria AcevedoArticle published date: March 30, 2021

German Luxury Retailer Douglas Signs $2.8 Billion Rescue Deal Bloomberg

German Luxury Retailer Douglas Signs $2.8 Billion Rescue Deal

“As much as European leveraged finance conditions could be described as an issuer’s market right…

Maria AcevedoArticle published date: March 26, 2021