TITLE

U.S. Downgrade Rolls Downhill As Investors Reprice Risk

AUTHOR(S)
Sheahan, Matthew; Colter, Allison Bisbey
PUB. DATE
August 2011
SOURCE
High Yield Report;8/15/2011, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the impact of the downgrade of the U.S. credit rating by Standard & Poor's (S&P) on the high yield (HY) loan and bond markets. As of August 10, 2011, the average bid on loans was 91, down 3.7 points compared to Mid-July 2011 on S&P/Loan Syndications and Trading Association (LSTA) Leverage Loan Index, while in HY bonds, the average bid was 93.15, a decrease of 7.27 points on the week on S&P/LCD flow names.
ACCESSION #
66187572

 

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