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Speculative-Grade Composite Spread Expands To 733 Basis Points Dec 11
Standard & Poors, December 2011
NEW YORK (Standard & Poor's) Dec. 9, 2011--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...
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.