- Language: English
- Published: December 2012
- Region: South Korea
Credit Trends: U.S. Composite Credit Spreads Daily (Jan. 20, 2012) Jan 12
- Published: January 2012
- Region: United States
- Standard & Poors
Standard & Poor's investment-grade composite spread narrowed by 1 basis point (bp) yesterday to 219 bps, and the speculative-grade composite spread tightened by 13 bps to 691 bps. By rating, the 'AA' and 'A' spreads contracted by 1 bp each, to 145 bps and 191 bps, respectively, and 'BBB' tightened by 2 bps to 275 bps. The 'BB' spread contracted by 8 bps to 489 bps, 'B' narrowed by 9 bps to 741 bps, and 'CCC' contracted by 11 bps to 1,150 bps. By industry, financial institutions tightened by 3 bps to 346 bps, and banks tightened by 7 bps to 383 bps. Industrials narrowed by 2 bps to 327 bps, utilities remained unchanged at 217 bps, and telecommunications narrowed...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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