CreditSights News & Blog

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

Buffett’s Berkshire Floats $8.3 Billion Fix for Texas Grid Bloomberg

Buffett’s Berkshire Floats $8.3 Billion Fix for Texas Grid

“We see little to no chance of Texas approving that Buffett proposal,” said Andy DeVries,…

creditsightsArticle published date: March 25, 2021

E.ON issues first green following taxonomy alignment Nasdaq

E.ON issues first green following taxonomy alignment

Analysts at CreditSights, however, put fair value at 50bp–55bp and also said that they would…

creditsightsArticle published date: March 25, 2021

Beauty retailer Douglas ups bond portion of jumbo refi Nasdaq

Beauty retailer Douglas ups bond portion of jumbo refi

Analysts and investors remarked on the scale of the Ebitda adjustments the deal was being…

creditsightsArticle published date: March 24, 2021

Verbund breaks new ground in ESG financing IFR

Verbund breaks new ground in ESG financing

“This bond is going to be expensive,” wrote CreditSights analysts ahead of IPTs. “But the…

creditsightsArticle published date: March 24, 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

Iceland splashes out £150m – but keeps £40m Covid relief The Times

Iceland splashes out £150m – but keeps £40m Covid relief

Neill Keaney, an analyst with CreditSights, said: “Taxpayers will rightly ask why Iceland claims it…

Maria AcevedoArticle published date: March 21, 2021

The Fed Will End Emergency Relief for Banks. It Might Not Make Much Difference for Markets. Barrons

The Fed Will End Emergency Relief for Banks. It Might Not Make Much Difference for Markets.

And none of the banks will run foul of the rule once it’s imposed again,…

Maria AcevedoArticle published date: March 19, 2021

PPL plans to target balance sheet, growth through National Grid asset swap S&P Global

PPL plans to target balance sheet, growth through National Grid asset swap

"CreditSights said the deal "came in well above expectations" and is "incredibly positive for PPL…

Maria AcevedoArticle published date: March 18, 2021

Illinois primary market penalties shrink to levels of bygone era Bond Buyer

Illinois primary market penalties shrink to levels of bygone era

“The size of the deal broadens the appeal and the timing — coming so closely…

Maria AcevedoArticle published date: March 17, 2021

Vonovia shows investors are still keen for green Nasdaq

Vonovia shows investors are still keen for green

The ever-increasing demand for green bonds from investors, meanwhile, is supporting their expected performance. Given…

Maria AcevedoArticle published date: March 17, 2021

Billionaire Commodities Dealmaker Gets Squeezed by Rising Rates Bloomberg Quint

Billionaire Commodities Dealmaker Gets Squeezed by Rising Rates

But the past year brought in a string of fresh challenges for Agarwal. As the…

Maria AcevedoArticle published date: March 14, 2021

Verizon sees huge demand for $25 billion debt deal, market breathes sigh of relief MarketWatch

Verizon sees huge demand for $25 billion debt deal, market breathes sigh of relief

The Verizon financing comes on the heels of it spending $52.9 billion on its “C-Band”…

Maria AcevedoArticle published date: March 11, 2021

Banks and mutual funds increase their holdings of municipal bonds Bond Buyer

Banks and mutual funds increase their holdings of municipal bonds

Patrick Luby, a municipal strategist at CreditSights, attributed that growth to a rise in taxables. The…

Maria AcevedoArticle published date: March 11, 2021

GE’s Credit-Market Giant Caps Decade-Long Descent Into Obscurity BNN Bloomberg

GE’s Credit-Market Giant Caps Decade-Long Descent Into Obscurity

From an immediate impact on leverage perspective, we don’t necessarily see this as a big…

Maria AcevedoArticle published date: March 11, 2021

$1.9 Trillion American Rescue Plan Expected to Grow Global Economy, and Two More Numbers to Know BarronsMarketWatch

$1.9 Trillion American Rescue Plan Expected to Grow Global Economy, and Two More Numbers to Know

That is according to an analysis from CreditSights. That is the first monthly decline in the…

Maria AcevedoArticle published date: March 10, 2021

American Airlines raises $10 billion by betting on vacation splurges MarketWatch

American Airlines raises $10 billion by betting on vacation splurges

“Market acceptance is strong for airline mileage-related bonds as the five issuers outstanding are actively…

Maria AcevedoArticle published date: March 10, 2021

BofA Widens Lead in Muni Business With Almost 20% Market Share BNN Bloomberg

BofA Widens Lead in Muni Business With Almost 20% Market Share

“It’s particularly impressive here that it’s the same number one ranked manager for competitive and…

Maria AcevedoArticle published date: March 9, 2021

Local SOE/LGFV dollar bonds in Chongqing, Yunnan under selling pressure IFR

Local SOE/LGFV dollar bonds in Chongqing, Yunnan under selling pressure

A default by Chongqing Energy, if confirmed, would not be a big surprise given the…

Ali Shah RajaniArticle published date: March 3, 2021

U.K. Retail-Credit Outlook Boosted Ahead of Government Spending Spree Bloomberg

U.K. Retail-Credit Outlook Boosted Ahead of Government Spending Spree

I think there’s a bit of a Goldilocks scenario priced in,” said Neill Keaney, a…

Maria AcevedoArticle published date: March 3, 2021