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Credit Trends: U.S. Composite Credit Spreads Daily (Sept. 23, 2011) Sep 11 Product Image

Credit Trends: U.S. Composite Credit Spreads Daily (Sept. 23, 2011) Sep 11

  • Published: September 2011
  • Region: United States
  • Standard & Poors

Abstract
Standard & Poor's speculative-grade composite spread expanded by 23 basis points (bps) on Thursday to 760 bps--a new high for the year. The investment-grade composite spread widened by 7 bps to 222 bps. By rating, the 'AA' spread expanded by 5 bps to 157 bps, and 'A' and 'BBB' expanded by 7 bps each, to 198 bps and 269 bps, respectively. The 'BB' spread widened by 18 bps to 548 bps, 'B' expanded by 22 bps to 800 bps, and 'CCC' widened by 33 bps to 1,178 bps. By industry, financial institutions expanded by 2 bps to 343 bps, and banks widened by 12 bps to 363 bps. Industrials and utilities expanded by 9 bps each, to 349 bps and...

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 READ MORE >

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