Moody's: Market Gives Conflicting Signals on Spreads
- Moody's: Default Rate Falls to 5%. Sheahan, Matthew // High Yield Report;9/13/2010, Vol. 21 Issue 37, p2
The article reveals that the world high yield default rate lowered to 5 percent in August 2010 from 5.5 percent in July 2010 according to a report by Moody's Investors Service.
- EMEA Maturity Wall Tough to Scale After 2013. M. S. // Bank Loan Report;10/18/2010, Vol. 25 Issue 40, p5
The article reports on the study published by Moody's Investors Service Inc. which shows that the maturity wall of leveraged loan and high yield bond debt is going to be difficult for companies in the Europe, Middle East and Africa (EMEA) region. It states that junk bond markets with a reduced...
- Moody's: Better HY Recoveries Mean Thinner Spreads. Sheahan, Matthew // High Yield Report;12/13/2010, Vol. 21 Issue 50, p7
The article focuses on a report issued by Moody's Investors Service which indicated that a higher recovery rate on defaulted junk bonds will mean thinner high yield spreads.
- Ebitda Add-Backs Weaken Covenants. M. S. // Leveraged Finance News;12/3/2012, Vol. 2 Issue 46, p5
The article reports that Moody's Investors Service Inc. states that the increased use of Ebitda add-backs will weaken the high yield bond covenant protections.
- Constellation Brands Drives By for $600M. Sheahan, Matthew // High Yield Report;4/16/2012, p11
The article reports on the 600 million U.S.-dollar deal made by New York-based wine and liquor distributor Constellation Brands on the high yield market from 6% senior notes rated BA1 by Moody's Investors Service and BB+ by Standard & Poor's.
- HY Market Still Mired in Low-Quality Covenants. Fest, Glen // High Yield Report;12/15/2014, p5
The article reports that the Covenant Quality Index of Moody's Investors Service reveals a decline in the U.S. high yield market.
- HY Market on the (Cautious) Rebound. M. S. // Bank Loan Report;5/4/2009, Vol. 24 Issue 18, p1
The article reports on the forecast made by Moody's Investors Service Inc. that new high yield bond issuance will increase by 18% in 2009 in the U.S. The Moody's Investors notes that the 13% of the 18% increase will come for the last three quarters of the year. It reveals that the prediction was...
- Could Too Many Falling Angels Become Demons for HY? C. J. C. // Bank Loan Report;5/25/2009, Vol. 24 Issue 21, p2
The author reflects on the high-grade companies that fall into subinvestment grade level in the U.S. She states that Union Bank of Switzerland (UBS) analysts have conducted a study using the data from Moody's Investors Service on the raised concerns from investors about the rating agency...
- Moody's: Junk Bond Default Rate Falls to 3.3%. Colter, Allison Bisbey // High Yield Report;12/13/2010, Vol. 21 Issue 50, p3
The article reports on the drop of 12-month global speculative-grade junk bond default rate to 3.3% in November 2010 from 3.7% in October and 13.6% a year ago, according to Moody's Investors Service. The ratings agency's Albert Metz said that they continue to expect stable, low default rates for...