The Cold Shoulder

Appin, Rick
May 2003
Investment Dealers' Digest;5/5/2003, Vol. 69 Issue 18, p8
Trade Publication
High-yield bond investors are getting frustrated with what they say is a growing industry problem: Many are having a tough time finding out any information about the companies whose bonds they own.When a company asks for approval to stop filing with the Securities & Exchange Commission, it will always agree to send the equivalent financial information to holders of its bonds.If the credit ratings are eliminated, an investor may be forced to sell the bonds into an illiquid market or a bad credit situation resulting from a downgrade, said Nancy Stroker, group managing director of corporate finance at Fitch Ratings Inc.


Related Articles

  • Institutionalized: High Yield ETFs Fill Trading Gap. Sheahan, Matthew // High Yield Report;6/9/2013, p1 

    The article reports on the trends among institutionalized investors to access the junk bond market through the high yield (HY) exchange-traded funds (ETFs). According to a report from credit ratings agency Fitch Ratings Ltd., the junk bond ETFs are the most performing trading investment in the...

  • Roundup: Fannie Mae Ratings Remain on CreditWatch Negative.  // National Mortgage News;8/21/2006, Vol. 30 Issue 45, p12 

    The article reports on the performance rating of Fannie Mae, a financial institution services in the U.S. It has remained on the AA-minus ratings on Standard & Poor's Ratings Services and on a credit watch. It was due to the risk on its subordinated debt, preferred stock and the government's...

  • SEC Proposes New Rules for Credit Ratings. Kellerhals, Richard // High Yield Report;9/21/2009, Vol. 20 Issue 38, p19 

    The article reports on the proposed rules of the Securities and Exchange Commission (SEC) in the U.S. for more transparency from ratings agencies when it comes to credit ratings. Under the proposed rules, these agencies will have to give information regarding the history of their actions and...

  • European investor outlook worsens for high-yield bonds. Jackson, Gary // Fundweb;8/13/2012, p5 

    The article offers information on a survey conducted by Fitch Ratings Ltd. on the market condition of high-yield bonds in Great Britain. Under the study, Fitch Ratings found that majority of fund managers are planning to invest in high-yield bonds, and they consider it to be a safe investment....

  • Ratings Recall: Will New Reform Proposals Make Lasting Impact? Justensen, Paul J. // Journal of Corporation Law;Fall2009, Vol. 35 Issue 1, p193 

    The article discusses the significance of the quality of credit rating agencies (CRA) ratings for the implementation of the Reform Act of 2006 and the Securities and Exchange Commission (SEC) regulations in the U.S. to protect investors. It suggests that adjustments to the reforms must be made...

  • SEC Approves Measures to Strengthen Oversight of Credit Rating Agencies.  // ComplyNet;Dec2008, p13 

    The article reports on a series of measures approved by the U.S. Securities & Exchange Commission (SEC) to increase transparency and accountability at credit rating agencies, and ensure that firms provide more meaningful ratings and greater disclosure to investors. The said measures impose...

  • Rating the credit-rating agencies. Mason-Wood, Heather; Swan, Mike // Employee Benefit News Canada;Nov/Dec2008, Vol. 5 Issue 6, p16 

    The article focuses on the implication of credit ratings which guide investors in their investment decisions as well as controlling portfolio risk in Canada. It mentions that credit analysts consider various factors in establishing credit ratings which include the strength and predictability of...

  • The Muni Market's New Look. Lemov, Penelope // Governing;Apr2007, Vol. 20 Issue 7, p56 

    The article reports that U.S. Securities and Exchange Commission (SEC) Chairman Christopher Cox is proposing a change to the 1975 Securities Exchange Act that precludes the SEC from requiring issuers to file municipal securities documents with the commission. Cox noted the minimal regulation on...

  • Fixing the Rating Game. Bernstein, Aaron // NACD Directorship;Jun/Jul2008, Vol. 34 Issue 3, p12 

    The article focuses on the plan of the U.S. Securities and Exchange Commission (SEC) to take action on various issues including one involving credit-rating agencies like Moody's, Standard & Poor's, and Fitch. It notes that the SEC is looking at ways to create a greater separation of the rating...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics