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
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
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