Hints and tips:
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...when 3 b8=Q or 2 b8=R draw by stalemate, 3 b8=B cannot win with two dark-squared bishops, and 3 b8=N+ Kb7 draws. Chess: 2314 1 Kd3! If Kf5 2 Kd4 mate, or Kd5 2 Qd4 mate....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...The document was the subject of a nearly eight-minute auction on Thursday at Sotheby’s in New York, where Griffin squared off with more than 17,000 cryptocurrency traders who had banded together in an attempt...
...In the triple-B rated category, this might involve switching from Russia, Kazakhstan or Mexico to Colombia, Peru or Uruguay, while in the double-B world holdings could be transitioned from Ivory Coast, Oman...
...The interest rate is said to be in the “low double digits”. Don’t get any ideas about Elliott taking control of the French club, though....
...And just 1.8 per cent of issuers in China carry a credit rating of triple B or lower....
...Remittances hit $11bn in 2018, double their level at the start of the decade....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Last week traders and producers exported a record 3.8m b/d of US crude oil, data released on Wednesday showed....
...S&P cut DWCP’s company rating to junk, to double B from triple B minus....
...The deal came as Abu Dhabi Crude Oil Pipeline LLC mandated banks to organise investor meetings for a potential bond....
...“Your traditional investment-grade buyers, insurance companies and pension funds continue to dive down to the double-B rated buckets.”...
...With countries such as Argentina, Colombia, the Dominican Republic, Turkey and the Philippines, typically rated triple or double-B, currently in the market, Mr Stock says: “The next move might be to see...
...S&P slashed its rating on Turkey’s foreign currency denominated debt one notch to double-B and also lowered its opinion of Turkey’s local currency debt one notch to double-B plus....
...S&P downgraded Turkey’s foreign currency denominated debt one notch to double-B and maintained its negative outlook....
...Single and Double-A rated debt have returned about 1 per cent over the past three months, compared to a 0.4 per cent decline for triple-B bonds, according to Barclays data....
...Funds invested in US junk bonds — speculative debt rated double B plus or lower by one of the major credit agencies — posted outflows of $809m....
...Everyone is worried about bond market liquidity, and that goes double if you’re a dodgy issuer. Pant-less in a receding tide etc....
...The rating agency added that the double B rating category’s trailing four-quarter default rate is at its highest point since the end of 2011....
...JAB Cosmetics — which owns all of Coty’s Class B common stock, representing about 97 per cent of votes — has approved the deal and agreed to convert its shares into Class A common stock....
...The platform’s high-fidelity streaming tier was double the price of competing services, and no one wanted it....
...Thus, these restricted shares were, in effect, being “double counted” as outstanding award shares and as outstanding common shares....
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