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...Moreover, during global crises, default rates in the GEMs portfolio were lower than for the S&P’s B-rated and Moody’s B3 comparators, a welcome counterpoint to somewhat higher default rates in non-crisis...
...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....
...Other bonds with triple C ratings were issued by cyber security groups McAfee, Cloud Software Group and healthcare services company LifePoint Health....
...Over the past two decades, triple B rated corporate bonds have historically outperformed the broad investment-grade corporate bond universe by more than 50 basis points per year, “with no incremental default...
...US corporate defaults almost tripled last year to 105, according to a Moody’s report this week, with 60 per cent of those defaults constituting distressed exchanges — up sharply from 35 per cent in 2022....
...Moody’s expects business services, healthcare and “high-tech industries” to have the most defaults this year....
...The commission said it was looking at whether Apple was meeting its obligations to allow users “to easily uninstall any software applications” on its iOS operating systems and change default settings, browsers...
...Indeed, the PML-N and PPP have proved more pliable to the military....
...Barring the payments could take a large bite out of Apple’s services revenue, which amounted to $78bn last year, though it would still be free to sell the default position to other search engines....
...If B-rated African sovereigns would have been less likely to default within, say, a five-year period than B-rated sovereigns elsewhere, the agencies would indeed have scored African sovereigns unfairly....
...So what is the current default rate for private single-B/CCC bonds? About 7.7 per cent, compared to 2.5 per cent for the broader high-yield bond market . .....
...Traders are marking a riskier £250mn “class B” bond at little over 60 pence in the pound....
...There’s an allegation of tying the buy box [ie, better placement on a product order page] to Amazon fulfilment services....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...For Apple the so-called Information Services Agreement is genius. It receives billions of dollars for something it might do anyway. Google Search is popular with users....
...The PML-N and PPP “don’t have a plan for the economy”, says Shahid Khaqan Abbasi, who served as prime minister from 2017 to 2018 under the PML-N but is planning to launch a new party....
...If anything, Kraemer argues, the credit rating agencies have been rating too generously, evidenced by figures showing the default ratio for B-rated African countries has historically been much higher than...
...That has left the focus of the trial on business agreements that Google struck with Apple, mobile phone companies and others to make sure its search service appeared as the default when users turned on their...
...The central issue in the case was whether Google stopped rivals to its Play Store and payment services from gaining traction on Android devices....
...However, the vast majority are single B rated or double B rated borrowers, who should have access to capital. Lower-rated companies, however, may struggle with refinancing....
...The missed payments have been cured and Cameroon is reportedly current on all commercial debt service obligations....
...But its default rates are far below those of traditional banks, and it has helped millions to start small businesses....
...Apple previously failed to stop three of its top executives from being called to testify, including Eddy Cue, head of its services business....
...“Our police service cannot afford now to deal with this,” he added....
...My sense is you’re going to have some increase in defaults, certainly in high yield. But it’s really hard for investment-grade companies to default....
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