• SELECT SITE CURRENCY
Select a currency for use throughout the site
Credit Trends: U.S. Composite Credit Spreads Daily (May 19, 2011) May 11
Standard & Poors, May 2011
Standard & Poor's investment-grade composite spread remained flat on Wednesday at 162 basis points (bps), while the speculative-grade composite spread tightened by 3 bps to 489 bps. By rating, the 'AA', 'A', and 'BBB' spreads compressed one basis point each, to 113 bps, 143 bps, and 192 bps, respectively. The 'BB' spread tightened 3 bps to 356 bps, 'B' compressed 7 bps to 518 bps, and 'CCC' narrowed 10 bps to 734 bps. By industry, spreads tightened 2 bps for financial institutions, banks, industrials, and telecommunications, to 247 bps, 207 bps, 244 bps, and 257 bps, respectively. Utilities were unchanged at 170 bps. Spreads have tightened overall since the beginning of 2011, and the speculative-grade composite spread is hovering around...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.