Latest news
Latest news
State of New Hampshire's innovative bond gets Ba2 rating
Falling leveraged loan prices promise tantalising returns, but the risk of defaults is rising
Some managers are choosing loans conservatively to avoid losses, but they will struggle to improve returns
More articles
More articles
-
US CLO managers have slowed the pace of primary issuance in recent weeks, helping to firm up secondary market debt spreads while other credit markets suffered a sell-off. -
Netflix is tapping the high yield market for its second high yield bond of the year following last week’s earnings report and upgrade by S&P Global.
-
The UK’s Heathrow Airport has signed its first loan from Canada’s export credit agency, building its presence among the country’s financiers after printing C$800m of bonds earlier this year.
-
Central banks in the US and UK have both raised concerns in recent weeks on the growth of leveraged loan markets and the potential impact on financial stability.
-
Fitch Ratings said on Tuesday that the increasing ability of leveraged borrowers to add additional debt without investor pushback would adversely affect the recovery rates for lenders in the event of a default.
-
Fitch Ratings said on Monday that it expects to issue unsolicited ratings more frequently on deals it has not been mandated to rate, as the agency looks to respond to more widespread late-cycle lending behaviour in securitization markets.
-
Sears filed for Chapter 11 bankruptcy on Monday as a $134m interest payment came due and efforts to restructure the firm’s debt out of court failed.
-
S&P Global said that consumer products, media and oil and gas were the most represented sectors on its list of ‘weakest links’ in sub-investment grade corporate debt, which remains relatively small in a low default environment.
-
A jump in US Treasury yields at the end of last week sparked a bout of volatility in US equity markets and dented appetite for US high yield bonds, with investors pulling record volumes of cash from funds tracking the sector on two consecutive days this week.
