• SELECT SITE CURRENCY
Select a currency for use throughout the site
Speculative-Grade Composite Spread Narrows To 679 Basis Points Jan 12
Standard & Poors, January 2012
NEW YORK (Standard & Poor's) Jan. 27, 2012--Standard & Poor's investment-grade composite spread remained unchanged yesterday at 218 basis points (bps), and the speculative-grade composite spread narrowed by 2 bps to 679 bps. By rating, the 'AA' and 'A' spreads remained flat at 144 bps and 191 bps, respectively, and 'BBB' tightened by 1 bp to 272 bps. The 'BB' spread remained flat at 480 bps, 'B' contracted by 3 bps to 729 bps, and 'CCC' narrowed by 11 bps to 1,120 bps. By industry, financial institutions contracted by 3 bps to 340 bps, and banks narrowed by 4 bps to 363 bps. Industrials and telecommunications narrowed by 2 bps each, to 321 bps and 347 bps, respectively, and utilities...
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.