Junk Bond Defaults Seen Rising Again in 2016
The credit ratings agency forecast that the junk default rate will be 4% this year, up from 3.5% in 2015.
Corporate Ratings Outlook Worst Since Crisis
There were three times as many debt-issuing companies on negative credit watch as on positive at the end of 2015, S&P says.
Junk Bond Protections Find Deeper Bottom
Investors "continue to trade away protections and take on more risk in search of higher yields," says a Moody's analyst.
High-Yield Firms’ Cash Falls 9% to $281B
Speculative-grade companies spent an amount equal to four times their discretionary cash flow on dividends and buybacks in 2014, says Moody's.
Junk Bond Protections Fall to Record Low
Investors' hunger for yield is leading to still-weaker covenant protections on noninvestment-grade corporate bonds.
Dark Clouds Looming for Small Shale-Oil Producers
Exploration and production companies have amassed total debt of $285 billion and their leverage metrics have increased notably, says an ABI Journal paper.
2015 Outlook: Equities “Slow to a Jog”
BofA Merrill Lynch's research team says the bull market will continue, but higher volatility, wider credit spreads and lower liquidity are on the horizon.
Junk Bond Exodus Resumes After August Rally
Speculative-grade issuers have to give a little more to get investors to buy new bond offerings.
Junk-Rated Loans Could Incur Big Losses: OCC Comptroller
Should the economy come under stress, a large number of leveraged loans could default and cause record losses, according to one banking regulator.
LBOs Face Their Day of Reckoning
With the Energy Future Holdings bankruptcy, leveraged buyouts now represent 31 percent of all bond and institutional loan defaults since 2007.
A New World for Bonds
Time to sweep away an artificial distinction in the world of corporate debt issues.