Speculative-Grade Composite Spread Widens To 680 Basis Points Jul 12
- ID: 2183990
- July 2012
- Standard & Poors
NEW YORK (Standard & Poor's) July 16, 2012--Standard & Poor's investment-grade composite spread tightened by 4 basis points (bps) to 215 bps last Friday and the speculative-grade composite spread widened by 1 bp to 680 bps. By rating, the 'AA' spread tightened by 3 bps to 144 bps, the 'A' spread tightened by 4 bps to 186 bps, and the 'BBB' spreads tightened by 3 bps to 265 bps. The 'BB' spread contracted by 1 bp to 475 bps, the 'B' spread widened by 1 bp to 715 bps, and the 'CCC' spread widened by 3 bps to 1,088 bps. By industry, financial institutions, banks, and industrials tightened by 3 bps each to 305 bps, 329 bps, and 306 bps,...
Action: General Comment
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Research type: News
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