Speculative-Grade Composite Spread Expands To 733 Basis Points Dec 11
Standard & Poors, December 2011
Abstract
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
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Research type: News
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