Hints and tips:
...Downgrades by S&P and Moody’s this month stripped the company of its investment-grade status once again, sending $36bn of debt back into junk territory....
...In GKN: The Making of a Business, Mr Lorenz writes that GKN “was never a great innovator”....
...Sir, Is it not time that your publication retired the moniker “junk bonds” (May 24) to describe corporate bonds that do not qualify for a rating of at least BBB-/Baa3 from rating agencies S&P and Moody’s...
...There have been 13 CLO refinancings so far this year, compared with just one new CLO being issued, according to S&P Global’s LCD....
...David Westmoreland is managing director of B&P Real Estate in Lagos....
...“You need one or two people who are going to be a driving force,” says Lorenz. The reverse is also true....
...Just water for Mr P. “I don’t drink now. It’s not an AA thing, it’s a getting old thing,” he says. “Being on the road a lot – there’s nothing worse than drinking by yourself....
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