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Speculative-Grade Credit Spread Widens To 734 Basis Points Dec 11
Standard & Poors, December 2011
NEW YORK (Standard & Poor's) Dec. 14, 2011--Standard & Poor's speculative-grade composite spread widened by 1 basis point (bp) to 734 bps, and the investment-grade composite spread remained unchanged at 226 bps. By rating, the 'AA' spread expanded by 1 bp to 151 bps, the 'A' spread contracted by 1 bp to 198 bps, and the 'BBB' spread remained unchanged at 283 bps. The 'BB' spread expanded by 1 bp to 515 bps, the 'B' spread remained unchanged at 781 bps, and the 'CCC' spread expanded by 8 bps to 1,198 bps. By industry, financial institutions and telecommunications narrowed by 2 bps each to 360 bps and 370 bps, respectively. Banks and industrials narrowed by 1 bp each to 413...
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.