- Language: English
- Published: December 2012
Credit Trends: U.S. Composite Credit Spreads Daily (Aug. 6, 2012) Aug 12
- Published: August 2012
- Standard & Poors
Standard & Poor's investment-grade composite spread tightened by 16 basis points (bps) to 196 bps last Friday, and the speculative-grade composite spread tightened by 8 bps to 662 bps. By rating, the 'AA' spread tightened by 14 bps to 126 bps, the 'A' spread tightened by 16 bps to 166 bps, and the 'BBB' spread tightened by 15 bps to 246 bps. The 'BB' spread tightened by 9 bps to 450 bps, the 'B' spread tightened by 7 bps to 695 bps, and the 'CCC' spread tightened by 8 bps to 1,080 bps. By industry, financial institutions and industrials contracted by 14 bps each to 285 bps and 287 bps, respectively. Banks contracted by 11 bps to 306 bps, utilities...
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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