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The Continuous Improvement Mindset: RXO’s Jamie Harris
The veteran CFO is driving the trucking brokerage spinoff of XPO Logistics toward process efficiency, organic growth, and market share gains.
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Vincent Ryan
| January 27, 2023
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High-yield debt
Risk
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.
By
Matthew Heller
| March 2, 2016
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Risk
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.
By
Katie Kuehner-Hebert
| January 13, 2016
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Investment Banking
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.
By
Matthew Heller
| September 10, 2015
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Risk
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.
By
Matthew Heller
| June 16, 2015
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Risk
Junk Bond Protections Fall to Record Low
Investors' hunger for yield is leading to still-weaker covenant protections on noninvestment-grade corporate bonds.
By
Matthew Heller
| March 11, 2015
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Risk
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.
By
Matthew Heller
| March 9, 2015
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The Economy
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.
By
Vincent Ryan
| December 11, 2014
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Risk
Junk Bond Exodus Resumes After August Rally
Speculative-grade issuers have to give a little more to get investors to buy new bond offerings.
By
Matthew Heller
| September 12, 2014
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The Economy
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.
By
Iris Dorbian
| July 11, 2014
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Risk
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.
By
Vincent Ryan
| June 4, 2014
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Global Business
A New World for Bonds
Time to sweep away an artificial distinction in the world of corporate debt issues.
By
Economist Staff
| February 7, 2014
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Risk
An Appetite for Junk
Companies have taken advantage of investors’ growing willingness to buy speculative bonds.
By
Economist Staff
| October 21, 2013
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Growth Strategies
Take Your PIK
More companies are opting to issue now, pay later.
By
Ian Springsteel
| December 1, 1997
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