Hints and tips:
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...The intervention by Venkatakrishnan, boss of one of the UK’s biggest banks, comes after years of patchy relations between ministers and industry and frustration in boardrooms over policy U-turns by successive...
...They’re digital tokens backed either by a) dollar-denominated portfolios of safe assets; b) unaudited promises that they have safe assets; or c) magical confidence maths that only work until a death spiral...
...In contrast, the S&P 500’s price-to-book ratio is close to the record 5 times it touched in 2021 and 2000 (the Nasdaq’s P/B ratio is close to 7.5 times)....
...Department of Justice “to attend to the interests of the United States” by “argu[ing] any case in a court of the United States in which the United States is interested.” 28 U.S.C. §§ 517, 518....
...As you can see at right, bank credit is still restricted, but spreads don’t care....
...We also lowered our local currency (LC) sovereign credit ratings on Cameroon to ‘CCC+/C’ from ‘B-/B’. The outlook on the LC long-term rating is stable....
...Under 28 U.S.C. section 1408, a company can file bankruptcy in any district where it has its domicile, principal place of business, or principal assets for 180 days prior to bankruptcy....
...We like boxes B and C. Will the long end follow the short end down, and why? We can debate how much short rates will come down, but it seems pretty clear that they will fall....
...Several companies acknowledged the resilience in the U.S. economy had led them to now expect a soft-landing....
...One group sang to the tune of YMCA, “H-S-B-C, get your money out of H-S-B-C . . . they’re selling greenwashing lies . . . investors complicit up to their eyes”....
...Pursuant to 28 U.S.C. § 517, the Attorney General of the United States is authorized to send any officer of the Department of Justice to “attend to the interests of the United States in a suit pending in...
...“Is it true that triple-C firms have interest coverage ratios below 1? Definitely, but that’s always been the case....
...US flexible offices group WeWork was recently downgraded to CC, one notch above a C rating. A C signals a default may be imminent....
...Some of the ones that have attracted attention: a company called Phunware — spelled p-h-u-n, ware — which is a mobile software developer. And there was another called Bit Brother....
...Slok: In some cases triple C, even single B credit looks more vulnerable, because those are the firms that are more vulnerable to higher interest rates....
...show (c) house prices will fall before long (d) banks will have to backfill the hole higher rates have opened in their balance sheets and (e) higher rates will make current levels of fiscal largesse impossible...
...bank’....
...There is still demand for lower-quality single-B loans, said Drew Sweeney, a loan portfolio manager at asset manager TCW, referring to the rating just above triple-C....
...asset that-- (A) is recorded on a cryptographically secured distributed ledger; and (B) is designed to confer only economic or access rights....
...Even higher-quality companies are getting shut out, with single-B and single-B minus rated loan issuance in the US down more than 70 per cent from 2021 levels....
...The opening and activation of a bank account for HFL was delayed until March 2021 due to Covid-19 lockdowns....
...’ in Hanover China, EU, Japan, UK, US: S&P Global/Cips/HCOB/Caixin/Jibun Bank manufacturing PMI data UK, Nationwide house price survey US, Goldman Sachs president John Waldron speaks at the Bernstein...
...fair value, and therefore (c) most buybacks probably destroy value....
...The deposits were allegedly directed to a company called “North Dimension”: In part to obscure the relationship between FTX and Alameda, and in order to overcome Bank-1 ‘s refusal to open a bank account...
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