junk bonds

Ford to Repurchase $5B in High-Yield Bonds
Credit & Capital

Ford to Repurchase $5B in High-Yield Bonds

“We think it’s the time to aggressively restructure the balance sheet, lower our interest costs, and really clear the decks for 2022 and beyond."
By Matthew Heller | November 4, 2021
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Fed Offers More Support for Loans, Corporate Debt
Risk & Compliance

Fed Offers More Support for Loans, Corporate Debt

The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
By Matthew Heller | April 9, 2020
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Tesla Offers $1.5B in Junk Bonds to Raise Cash
Credit

Tesla Offers $1.5B in Junk Bonds to Raise Cash

The company's first junk issue is a bet that "bond investors will be as hungry as stock investors to back" Tesla as it ramps up production of the Model 3.
By Matthew Heller | August 7, 2017
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Junk Bond Defaults to Rise 5.6% in Next Year
Risk

Junk Bond Defaults to Rise 5.6% in Next Year

S&P says continued stress on the energy sector from the oil price slump will drive defaults, offset somewhat by a likely delay in any interest rate hikes.
By Matthew Heller | August 22, 2016
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Junk Defaults to Rise to 4.6% in Next Year
Investment Banking

Junk Defaults to Rise to 4.6% in Next Year

Moody's cites "deteriorating credit conditions especially in commodity sectors such as oil & gas and metals & mining."
By Katie Kuehner-Hebert | April 11, 2016
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Junk Bond Defaults Seen Rising Again in 2016
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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Liquidity Woes Hit Non-Energy Junk Bond Issuers
Risk

Liquidity Woes Hit Non-Energy Junk Bond Issuers

Moody's Investors Service said its Liquidity Stress Index (LSI) jumped to 7.9% in January from 6.8% in December 2015.
By Matthew Heller | February 3, 2016
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Is the Winning Streak for High-Yield Bonds Over?
The Economy

Is the Winning Streak for High-Yield Bonds Over?

More than 200 speculative-grade issuers have been downgraded by S&P this year.
By Katie Kuehner-Hebert | July 7, 2015
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Junk-Rated Defaults Seen Continuing at Low Rate
Risk

Junk-Rated Defaults Seen Continuing at Low Rate

Still, given the fall in energy prices, Moody's expects the speculative-grade default rate to rise to 3.1% in 2016.
By Matthew Heller | May 4, 2015
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