CreditSights analysts also noted that the company seems to be planning to buy back stock. Its board doubled the size of its authorization to buy back shares, to $10 billion from…
“For a long time we’ve had an improving economy and declining rates, kind of a risk-on market,” said Patrick Luby, municipal strategist at CreditSights. “We are now in a more cautious…
Josh Esterov, an analyst with CreditSights, said Genworth was the leader in an “extremely problematic” industry, long-term-care insurance, where their actuarial forecasts fell short of the large amount of claims.
Last week, at least two dozen Chinese real-estate companies whose shares trade in Hong Kong failed to file audited financial results for 2021 by a March 31 deadline, according to…
CreditSights analysts pegged Amazon’s cash hoard at about $92 billion, in a Monday client note.
CreditSights senior municipal strategists Pat Luby and John Ceffalio said after last week’s outperformance of munis relative to corporates, the advantage of tax-exempts over comparably rated corporate bond after-tax yields has…
However, the underperformance of municipals relative to taxables is drawing interest from investment grade credit investors seeing the opportunity to add tax-exempt municipal credit to their portfolios without having to…
The trade offers sterling investors a quality euro utility name, wrote CreditSights analysts, who saw fair value at around 120bp–125bp and looked to receive concessions of 10bp–15bp. The analysts expect…
“Since these bonds are secured by two specific projects, prospective investors will have an added surveillance burden, although the involvement of Assured Guaranty means that investors will indirectly benefit from…
“While many retail investors are reducing their mutual fund positions, relative value investors are putting money to work, and we believe that part of that money is finding its way…