Hints and tips:
...Anyway, back to the S&P report. They reckon that debt maturities of firms rated single-B or lower will be around $310bn in 2025, rising to $400bn in 2026....
...A discount on the bonds lifted the yield on the single-B rated notes to 11 per cent, according to people briefed on the matter....
...High-grade pharma group Bristol Myers Squibb sold $13bn of debt on Wednesday....
...We’ve divided the issuers up by their primary exchange and overlaid short-interest data from S&P Global, accurate to February 23....
...Then, starting in 2013, Gilead of the US delivered a series of breakthrough treatments for hepatitis B....
...The rating agency in May cut SoftBank’s long-term credit rating from double B plus, its highest non-investment grade, to double B following record investment losses....
...The IEA forecasts crude consumption to increase by 1.3mn barrels per day this year while Opec this week maintained its growth estimates of 2.25mn b/d for 2024....
...He has made it his mission to significantly reduce the proportion of companies with languishing P/B ratios, to bring the TSE to levels closer to those in the US (5 per cent of S&P 500 companies) and Europe...
...You can get a deal done for a double-B senior loan at a 300-350bp spread all day long. That market’s wide open....
...The New Jersey pharmaceutical titan’s share price has doubled in the past five years, well ahead of the wider S&P 500 index....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...The downgrade from double B plus, S&P’s highest non-investment grade, to double B came after SoftBank’s tech-heavy Vision Funds this month posted record annual investment losses of $39bn....
...As the TSE’s chief executive, Hiromi Yamaji, told Nikkei Asia earlier this year: “Instead of taking the rigid approach of saying those with P/B ratios below 1 have failed, it makes more sense to urge every...
...The perimeter of the financial junkyard is defined by a rating of BB+ from Fitch and S&P, and Ba1 from Moody’s....
...Grabinski calculates that on a trailing 12-month basis, S&P cost growth has outstripped revenue growth for the fourth month in a row....
...Creed-star Michael B. Jordan (a minor investor in Premier League team Bournemouth) and Main Street Advisors are coming in too....
...There’s a lot of companies in the double-B category that were downgrades from triple-B. They’re better companies. It’s a different high-yield than, say, 10 years ago ....
...t=4OHf5BkjuotctykSztrLvA&s=19 The company also excitedly told investors that the total volume of flooring it sold exceeded the equivalent of “more than 29,500 football fields” for the first time....
...S&P downgraded its rating based on the increased debt size after the deal. It described the deal as “notable” for Nasdaq, although “not transformational”....
...s=20 As Patrick McGee over at mainFT has reported, Cook has embedded Apple ever deeper in China over the past 20 years....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...s=20&t=-B_bU8BmTAQgUHoF7c5WGw Ross Gerber of Gerber Kawasaki is another prominent Tesla überbull whose faith has been tested lately....
...A recent report from S&P Global Ratings found that a quarter of triple B rated borrowers — those at the bottom end of investment grade ratings — from the US consumer products sector have cut their long-term...
...The Renaissance Capital IPO Index, which tracks issues for two years after listing, is down 54 per cent over the past 12 months, far worse that the S&P 500 index....
...For example, here’s the Class A vs Class B shares of News Corp, a business that, as previously mentioned, bears certain similarities to Waystar: In News Corp’s case, Class B (the white lines above) carry...
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