- Language: English
- Published: May 2013
Credit Trends: U.S. Composite Credit Spreads Daily (Dec. 9, 2011) Dec 11
- Published: December 2011
- Standard & Poors
Standard & Poor's speculative-grade composite spread widened by 4 basis points (bps) to 733 bps, while the investment-grade composite spread remained unchanged at 226 bps. By rating, the 'AA' spread narrowed by 1 bp to 150 bps, the 'A' spread expanded by 1 bp to 198 bps, and the 'BBB' spread remained unchanged at 281 bps. The 'BB' spread expanded by 3 bps to 515 bps, the 'B' spread widened by 4 bps to 779 bps, and the 'CCC' spread expanded by 5 bps to 1,178 bps. By industry, financial institutions and utilities widened by 1 bp each to 360 bps and 218 bps, respectively, and banks expanded by 3 bps to 409 bps. Telecommunications widened by 2 bps to...
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.
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