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Investment-Grade And Speculative-Grade Composite Spreads Remain Unchanged Dec 11 Product Image

Investment-Grade And Speculative-Grade Composite Spreads Remain Unchanged Dec 11

  • ID: 2033980
  • December 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Dec. 16, 2011--Standard & Poor's investment-grade and speculative-grade composite spreads remained unchanged yesterday at 225 basis points (bps) and 738 bps, respectively. By rating, the 'AA' and 'BBB' spreads remained at 150 bps and 283 bps, respectively, and 'A' widened by 1 bp to 198 bps. The 'BB' spread contracted by 1 bp to 517 bps, 'B' remained unchanged at 784 bps, and 'CCC' expanded by 2 bps to 1,209 bps. By industry, financial institutions and telecommunications remained unchanged at 360 bps and 370 bps, respectively. Banks widened by 1 bp to 417 bps. Industrials and utilities widened by 1 bp each, to 345 bps and 217 bps, respectively. The investment-grade and speculative-grade spreads are...

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.

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