CreditSights News & Blog

Avis Raises $500 Million of Junk Bonds to Weather Shutdown BloombergYahoo Finance

Avis Raises $500 Million of Junk Bonds to Weather Shutdown

“Avis is making a case that it can fund the cash flow hole” created by…

creditsightsArticle published date: May 5, 2020

Investors increase investments in the securities of gas companies The Times Hub

Investors increase investments in the securities of gas companies

The price of debt securities of the industry is also growing. The market price of…

creditsightsArticle published date: July 18, 2020

Hertz Could File for Bankruptcy. Here Are the Risks for Other Travel Stocks. Barrons

Hertz Could File for Bankruptcy. Here Are the Risks for Other Travel Stocks.

But what’s really weighing on American’s bond price is the sheer size of its debt…

creditsightsArticle published date: May 5, 2020

Buffett and Bondholders Are Now Oxy’s Priorities Yahoo Finance

Buffett and Bondholders Are Now Oxy’s Priorities

 One option for those hired bankers to consider is capitalizing on the bond sell-off by persuading…

creditsightsArticle published date: May 6, 2020

When United Pawned Old Jets, Bond Traders Sent a Stark Warning BloombergNews Feature

When United Pawned Old Jets, Bond Traders Sent a Stark Warning

“The collateral issues were too difficult to overcome,” Roger King, an analyst at debt research…

creditsightsArticle published date: May 9, 2020

Big Money Managers Take Lead Role in Managing -2- MorningStar

Big Money Managers Take Lead Role in Managing -2-

"If you're the firm running a large mandate, you're going to be the first call…

creditsightsArticle published date: May 10, 2020

Matalan joins clothing empires stripped bare by coronavirus crisis The Times

Matalan joins clothing empires stripped bare by coronavirus crisis

Matalan has £480m of bonds in issue, with £350m maturing in 2023 and £130m in…

creditsightsArticle published date: May 9, 2020

Federal Reserve muni lending facility charges big premiums Bond Buyer

Federal Reserve muni lending facility charges big premiums

The Fed’s rate is expensive, but it is a good approach, said Patrick Luby, a…

creditsightsArticle published date: May 11, 2020

A Failed United Airlines Bond Deal Shows the Risks of Securitizations Barrons

A Failed United Airlines Bond Deal Shows the Risks of Securitizations

“The airlines have been pretty adept at getting deals done, both with the banks and…

creditsightsArticle published date: May 11, 2020

Matalan seeks extra cash as it prepares for post-Covid-19 future Fashion Network

Matalan seeks extra cash as it prepares for post-Covid-19 future

Matalan has £480m of bonds in issue, with £350m maturing in 2023 and £130m in…

creditsightsArticle published date: May 11, 2020

Banks see surge in oil and gas exposure IFR

Banks see surge in oil and gas exposure

creditsightsArticle published date: May 15, 2020

Credit market mood tested with flurry of riskier bond issuance Gulf Times

Credit market mood tested with flurry of riskier bond issuance

Virgin Money UK Plc may revive bond sales in the months ahead as coronavirus turmoil…

creditsightsArticle published date: May 15, 2020

Intelsat Seeks Bankruptcy Because 5G Couldn’t Save It Barrons

Intelsat Seeks Bankruptcy Because 5G Couldn’t Save It

“Despite its entitlement to receive up to $4.9 billion in clearing payments ...the company was…

creditsightsArticle published date: May 15, 2020

J.C. Penney Faces Possible Snag to a Smooth Restructuring Bloomberg Quint

J.C. Penney Faces Possible Snag to a Smooth Restructuring

creditsightsArticle published date: May 18, 2020

J.C. Penney hopes for a smooth restructuring, but challenges abound Boston Globe

J.C. Penney hopes for a smooth restructuring, but challenges abound

“It’s certainly a messy process,” said James Goldstein, a CreditSights senior analyst. “It doesn’t help that there’s…

creditsightsArticle published date: May 17, 2020

Sri Lanka’s bonds take a beating Global Capital Asia

Sri Lanka’s bonds take a beating

The country’s bonds made up eight of the 10 worst performing high yield bonds in…

creditsightsArticle published date: May 18, 2020

What J.C. Penney’s Bankruptcy Filing Means for Commercial Real Estate Barrons

What J.C. Penney’s Bankruptcy Filing Means for Commercial Real Estate

Analysts at CreditSights say that part of J.C. Penney’s interest savings from debt cancellation during bankruptcy will…

creditsightsArticle published date: May 19, 2020

Coronavirus causes muni spreads to blow up Bond Buyer

Coronavirus causes muni spreads to blow up

Liquidity is just not free, said Patrick Luby, senior municipal strategist at CreditSights. “If the bid-ask…

creditsightsArticle published date: May 19, 2020

Bank of America Says Pandemic Bond Proves ESG a ‘Bear Market Necessity’ Bloomberg

Bank of America Says Pandemic Bond Proves ESG a ‘Bear Market Necessity’

While the deal makes sense for a lender like Bank of America with a large…

creditsightsArticle published date: May 20, 2020

Muni Bonds Set for Best Month Since 2009, Shaking Off Fiscal Hit BNN Bloomberg

Muni Bonds Set for Best Month Since 2009, Shaking Off Fiscal Hit

Patrick Luby, a municipal-bond analyst with CreditSights Inc., said that investor sentiment has grown less negative as…

creditsightsArticle published date: May 22, 2020