Rules & Ratings: Understanding gaps between credit risk data and credit ratings
While credit ratings underline investor confidence and evaluation of debt products, credit risk data can potentially offer a more nuanced source of information for...
The changing liquidity picture for fallen angels and rising stars
When a company has its credit rating adjusted, the impact on bond liquidity is not entirely predictable. In a changeable rate environment as seen...
Analysis: Market response to US Treasury’s increased borrowing needs
The US Treasury’s need to increase debt issuance, beyond market expectations, has had several effects. Firstly there was a ratings downgrade of the USA...
Implication of US bank downgrades on credit markets
Markets are truly feeling the economic pressures at present, with Moody’s downgrade to US financials on Monday following Fitch’s controversial downgrade of the US,...
The US: Too big to Fitch?
Ratings agency Fitch has downgraded the United States’ long-term credit ratings to AA+ from AAA and removed the rating ‘Watch Negative’ stating “ reflects...
Examining the (Thames) Water fall
In 2013 when markets still looked precarious amid the fallout from the financial crisis, utilities were a good investment.
With a near cast-iron cashflow...
Digital bond issuance: From zero to US$1,500,000,000 in 12 months
S&P Global Market Intelligence has assessed that the digital bond market “remains a work in progress” as new bond issuance focuses on testing in...
Moody’s: Speculative-grade credit default rate to rise in 2023
Moody’s Investor Services expects the global speculative-grade corporate default rate to rise in 2023 as slowing economic growth, higher input costs and rising interest...
AFME confirms HY deals on par with pre-Covid levels
In a new report on high yield (HY) bonds and leveraged loans, the Association of Financial Markets in Europe (AFME) has found that since...
Fitch Group to acquire CreditSights
Rating and data provider Fitch Group is acquiring CreditSights, the provider of credit research to the global financial community.
The company is being acquired from...
