The Speculative-Grade Composite Spread Narrows To 532 Basis Points Feb 13
- ID: 2405006
- February 2013
- Standard & Poors
NEW YORK (Standard & Poor's) Feb. 11, 2013--Standard & Poor's investment-grade composite spread tightened by 1 basis point (bp) to 181 bps last Friday, and the speculative-grade composite spread contracted by 1 bp to 532 bps. By rating, the 'AA', 'A', 'BBB', and 'BB' spreads remained flat at 122 bps, 151 bps, 212 bps, and 363 bps, respectively. The 'B' spread narrowed by 5 bps to 552 bps and the 'CCC' spread widened by 8 bps to 884 bps. By industry, banks, industrials, and utilities remained flat at 214 bps, 248 bps, and 182 bps, respectively. Telecommunications widened by 1 bp to 281 bps and financial institutions tightened by 1 bp to 230 bps. The investment-grade composite spread is lower...
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