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...Tory councillors have argued it was not made clear to them that the fund invested in junk-rated debt....
...The deal will allow junk-rated Telecom Italia to cut its debt from the current €26bn to €14bn and has prompted rating agencies Fitch, S&P and Moody’s to place the group in review for a rating upgrade this...
...US junk bonds were swept up by a sell-off in Treasuries and equities on Tuesday, with yields lurching higher as stronger-than-expected labour market data compounded concerns over the future path of interest...
...It usually takes a little over three months for a second downgrade to junk, which would force some funds to sell Panama’s bonds, according to Goldman Sachs analysts....
...“The biggest thing with AI is: junk in, junk out,” says Rohan Agrawal, Cogito chief executive....
...It told investors that the gains were largely driven by the recent sell-off in bond markets....
...Auction houses might sell batteries separately from old cars for use in new purposes like powering appliances. “It’s going to be a fundamental shift in recycling,” Kett said....
...And as the arguments rage back and forth — keep/chuck/sell — von Mayenburg paints in layers of moral equivocation....
...Investment grade issuers are seen by analysts as unlikely to default, while the quality of issuers in the junk bond market is seen as having improved....
...Credit rating agencies have downgraded the group’s debt to junk status and warned of its poor liquidity amid high cash burn....
...Labriola’s proposals include the sale of the junk-rated group’s landline network to US private equity group KKR and a reduction in net debt from €20bn to about €7bn by 2026....
...This article has been updated to reflect that Labour’s Child Health Action Plan would prevent junk food from being advertised before 9pm. ...
...Cheaper wines are more likely to sell at too high a price....
...Recent deals to sell assets to Airbus and Křetínský have fallen apart as the company’s financial situation has deteriorated....
...Credit rating agency S&P cut Atos’s rating deeper into junk territory last month, citing concerns about the company’s liquidity and growing uncertainty that the deal with Křetínský would happen....
...The drop, the company said, was caused partly to a contentious decision to cut jobs and sell a raft of titles at the company’s German-language magazine division that was announced earlier this year....
...“Sell your dollars and get back to business and don’t do any speculation anymore,” he added....
...That’s because both make floating-rate loans to (mostly) junk-rated companies that aren’t quite big enough to easily tap bond markets....
...Yields on the dollar bonds of Ivory Coast, which carries a so-called “junk” rating from agencies, have recently fallen to between 7 and 8 per cent, signalling that the country could borrow at similar levels...
...Little rides on the nothingburger question of whether Wendy’s might vary the price of junk food....
...Kenya is preparing to sell US dollar debt, capitalising on a thaw in markets to refinance a $2bn bond repayment later this year that had threatened to strain the finances of east Africa’s largest economy...
...CLOs scoop up loans, sort them into risk categories and sell them on to investors in tranches. The top rung is labelled “triple-A” and the bottom rung is known as “equity”....
...The high-yield, or “junk” spread, widened following the latest CPI release, but is still near its narrowest levels since January 2022, according to Ice BofA data....
...“I understand the strong market reaction,” he said, referring to the stock market sell-off that followed the inflation numbers on Wednesday, as traders bet against imminent rate cuts....
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