Credit Trends: U.S. Composite Credit Spreads Daily (Feb. 3, 2012) Feb 12
- ID: 2048348
- February 2012
- Region: United States
- Standard & Poors
Standard & Poor's investment-grade composite spread narrowed by 1 basis point (bp) to 215 bps yesterday, and the speculative-grade composite spread contracted by 2 bps to 675 bps. By rating, the 'AA' and 'BBB' spreads narrowed by 1 bp each to 142 bps and 267 bps, respectively, and 'A' remained unchanged at 188 bps. The 'BB' and 'B' spreads narrowed by 1 bp each to 481 bps and 727 bps, respectively, and 'CCC' tightened by 5 bps to 1,104 bps. By industry, financial institutions and industrials contracted by 1 bp each to 332 bps and 316 bps, respectively, and banks narrowed by 3 bps to 354 bps. Utilities and telecommunications remained flat at 217 bps and 347 bps, respectively. The...
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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.