- Language: English
- 129 Pages
- Published: May 2011
- Region: World
Speculative-Grade Composite Spread Narrows To 695 Basis Points Jan 12
- Published: January 2012
- Standard & Poors
NEW YORK (Standard & Poor's) Jan. 9, 2012--Standard & Poor's investment-grade composite spread narrowed by 1 basis point (bp) to 222 bps on Friday, and the speculative-grade composite spread narrowed by 12 bps to 695 bps. By rating, the 'AA' spread narrowed by 13 bps to 132 bps, 'A' tightened by 24 bps to 172 bps, and 'BBB' contracted by 17 bps to 265 bps. The 'BB' spread tightened by 2 bps to 494 bps, 'B' tightened by 17 bps to 736 bps, and 'CCC' expanded by 14 bps to 1,191 bps. The investment-grade and speculative-grade spreads are both down from their highs reached in October. The investment-grade spread is above its one-year moving average of 188 bps and below...
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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