Credit Trends: U.S. Composite Credit Spreads Daily (Aug. 2, 2012) Aug 12
Standard & Poors, August 2012
Abstract
Standard & Poor's investment-grade composite spread tightened by 5 basis points (bps) to 203 bps yesterday, and the speculative-grade composite spread tightened by 8 bps to 668 bps. By rating, the 'AA' spread tightened by 5 bps to 131 bps, the 'A' spread tightened by 5 bps to 173 bps, and the 'BBB' spread tightened by 5 bps to 252 bps. The 'BB' spread tightened by 6 bps to 457 bps, the 'B' spread tightened by 5 bps to 701 bps, and the 'CCC' spread tightened by 9 bps to 1,087 bps. By industry, financial institutions, banks, utilities, and telecommunications contracted by 6 bps each to 290 bps, 310 bps, 211 bps, and 316 bps, respectively. Industrials contracted by 5...
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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