Risk-to-Price Commentary: The R2P Fixed-Income Barometer: June 17, 2011 Jun 11

  • ID: 1835201
  • June 2011
  • Standard & Poors
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  • Banco de Sabadell S.A.
  • Edison Mission Energy
  • IGATE Corp.
  • Leucadia National Corp.
  • Ralph Lauren Corp.
  • Simon Property Group L.P.
  • MORE

Similar to the prior week, the risk-reward profiles--as measured by average Risk-to-Price (R2P) scores--of European and North American securities declined across the board during the week ended June 17, 2011 (see table 1). In Europe, continuing sovereign debt concerns affected the securities, while in the U.S., the economic recovery has slowed in recent months and underlying inflation pressures are rising. Only the risk-reward balance of the European health care, consumer discretionary and telecommunication services sectors showed more resilience to the overall decline. The R2P scores in the health care sector actually improved by 4%, but stayed unchanged on average for consumer discretionary and telecoms. The Valuation and Risk Strategies (VRS) research team reviews weekly shifts in our R2P European and...

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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.

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- R.R. Donnelley & Sons Co.
- Eastman Kodak Co.
- Leucadia National Corp.
- Pfizer Inc.
- Rite Aid Corp.
- Texaco Capital Inc.
- Renault S.A.
- Enable Oklahoma Intrastate Transmission, LLC
- HealthSouth Corp.
- Edison Mission Energy
- Volvo Treasury AB
- ING Groep N.V.
- Royal Caribbean Cruises Ltd.
- Banco de Sabadell S.A.
- Beazer Homes USA Inc.
- Simon Property Group L.P.
- Iron Mountain Inc.
- U.S. Bank National Association
- Stone Energy Corp.
- EDP Finance B.V.
- Ralph Lauren Corp.
- Gentiva Health Services Inc.
- BRISA Auto-Estradas de Portugal S.A.
- Hertz Holdings Netherlands BV
- Smurfit Kappa Acquisitions
- Infinity Property and Casualty Corp.
- DIRECTV Financing Co. Inc.
- EXCO Resources Inc.
- Central European Distribution Corp.
- Fiat Chrysler Finance North America Inc.
- Global Geophysical Services Inc.
- SandRidge Energy Inc.
- PDC Energy Inc.
- Cloud Peak Energy Resources LLC
- LBG Capital No. 2 PLC
- Cegedim S.A.
- Thomas Cook Group PLC
- TNT Express N.V.
- IGATE Corp.

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