- Language: English
- Published: February 2013
- Region: United States
Investment-Grade And Speculative-Grade Composite Spreads Remain Unchanged Sep 11
- ID: 1885956
- September 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Sept. 13, 2011--Standard & Poor's investment-grade and speculative-grade composite spreads remained unchanged yesterday at 211 bps and 731 bps, respectively. By rating, the 'AA' and 'BBB' spreads were flat at 152 bps and 255 bps, respectively, and 'A' narrowed by one basis point to 187 bps. The 'BB', 'B', and 'CCC' spreads remained unchanged at 528 bps, 776 bps, and 1,125 bps, respectively. By industry, financial institutions narrowed by one basis point to 339 bps. Banks, industrials, utilities, and telecommunications were flat at 340 bps, 336 bps, 211 bps, and 357 bps, respectively. The investment-grade and speculative-grade composite spreads are currently at their highs for the year. The investment-grade spread is above its one-year moving...
Action: General Comment
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