Analysis

The Latest from Credit News

  • March 11, 2026
    Valens Credit Weekly Insights for March 11, 2026

    Featured Top Idea
    ON – ON Semiconductor Corporation

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  • March 11, 2026
    Valens Credit Weekly Insights for March 18, 2026

    Featured Top Idea
    CRWD – CrowdStrike Holdings, Inc.
    Action: Buy 2029 3.000% Bonds CUSIP: 22788CAA3(4.459% YTW, 3.968% iYTW)...

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  • March 4, 2026
    ON – Base Case iCDS 53bps, Negative Case iCDS 70bps 2028 3.875% Bond YTW of 4.803%, iYTW of 3.996%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    ON – Base Case iCDS 53bps,

    Negative Case iCDS 70bps 2028 3.875% Bond YTW of 4.803%, iYTW of 3.996%,

    Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,

    Low Refinancing Need...

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  • March 4, 2026
    Valens Credit Weekly Insights for March 4, 2026

    Featured Top Idea
    RCL – Royal Caribbean Cruises Ltd.
    Action: Buy 2032 6.250% Bonds CUSIP: 780153BU5 (4.774% YTW, 3.924% iYTW)...

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  • March 2, 2026
    RCL – Base Case CDS 70bps, Base Case iCDS 27bps, Negative Case iCDS 43bps, 2032 6.250% Bond YTW of 4.774%, iYTW of 3.924%, Baa2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens, Low Refinancing Need

    RCL – Base Case CDS 70bps, Base Case iCDS 27bps,

    Negative Case iCDS 43bps, 2032 6.250% Bond YTW of 4.774%, iYTW of 3.924%,

    Baa2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,

    Low Refinancing Need...

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  • February 11, 2026
    Valens Credit Weekly Insights for February 11, 2026

    Featured Top Idea
    DFH – Dream Finders Homes Inc.
    Action: Close Trade: 2030 6.875% Bonds CUSIP: 26154DAB6...

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  • February 4, 2026
    Valens Credit Weekly Insights for February 4, 2026

    Featured Top Idea
    HLX – Helix Energy Solutions Group, Inc.
    Action: Buy 2029 9.750% Bond CUSIP: 42330PAL (7.055% YTW, 6.256% iYTW)...

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  • January 21, 2026
    Valens Credit Weekly Insights for January 21, 2026

    Featured Top Idea
    WMS – Advanced Drainage Systems, Inc.
    Action: Buy 2030 4.000% Bonds CUSIP: 00790RAB0 (4.922% YTW, 4.546% iYTW)...

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  • January 21, 2026
    F – Base Case iCDS 78bps, Negative Case iCDS 268bps, 2031 7.450% Bond YTW of 5.157%, iYTW of 4.541%, Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need

    F – Base Case iCDS 78bps,

    Negative Case iCDS 268bps, 2031 7.450% Bond YTW of 5.157%, iYTW of 4.541%,

    Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,

    Low Refinancing Need...

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  • January 21, 2026
    SWKS – Base Case iCDS 91bps, Negative Case iCDS 153bps, 2031 3.000% Bond YTW of 5.058%, iYTW of 4.677%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    SWKS – Base Case iCDS 91bps,

    Negative Case iCDS 153bps, 2031 3.000% Bond YTW of 5.058%, iYTW of 4.677%,

    Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,

    Low Refinancing Need...

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  • January 14, 2026
    Valens Credit Weekly Insights for January 14, 2026

    Featured Top Idea
    XYZ – Block Inc.
    Action: Buy 2031 3.500% Bonds CUSIP: 852234AM5 (4.872% YTW, 4.438% iYTW)...

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  • January 8, 2026
    Valens Credit Weekly Insights for January 8, 2026

    Featured Top Idea
    CIEN – Ciena Corporation
    Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (5.069% YTW, 4.150% iYTW)...

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  • December 29, 2025
    CIEN – Base Case iCDS 49bps, Negative Case iCDS 87bps, 2030 4.000% Bond YTW of 5.069%, iYTW of 4.150%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    CIEN – Base Case iCDS 49bps

    Negative Case iCDS 87bps, 2030 4.000% Bond YTW of 5.069%, iYTW of 4.150%

    Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens

    Low Refinancing Need...

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  • December 17, 2025
    Valens Credit Weekly Insights for December 17, 2025

    Featured Top Idea
    AR – Antero Resources Corporation

    Action: Buy 2030 5.375% Bonds CUSIP: 03674XAS5 (5.023% YTW, 4.421% iYTW)...

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  • December 16, 2025
    EAT – Base Case iCDS 116bps, Negative Case iCDS 132bps, 2030 8.250% Bond YTW of 4.506%, iYTW of 4.946%, Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    EAT – Base Case iCDS 116bps

    Negative Case iCDS 132bps, 2030 8.250% Bond YTW of 4.506%, iYTW of 4.946%

    Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens

    Low Refinancing Need...

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  • December 11, 2025
    WMS – Base Case iCDS 96bps, Negative Case iCDS 136bps, 2030 6.375% Bond YTW of 5.102%, iYTW of 4.573%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    WMS – Base Case iCDS 96bps,

    Negative Case iCDS 136bps, 2030 6.375% Bond YTW of 5.102%, iYTW of 4.573%,

    a1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,

    Low Refinancing Need...

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  • December 10, 2025
    Valens Credit Weekly Insights for December 10, 2025

    Featured Top Idea
    ON – ON Semiconductor Corporation
    Action: Buy 2028 3.875% Bonds CUSIP: 682189AQ8 (4.914% YTW, 4.234% iYTW)...

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  • December 10, 2025
    AR – Base Case CDS 73bps, Base Case iCDS 87bps, Negative Case iCDS 94bps, 2030 5.375% Bond YTW of 5.023%, iYTW of 4.421%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    AR – Base Case CDS 73bps, Base Case iCDS 87bps,

    Negative Case iCDS 94bps, 2030 5.375% Bond YTW of 5.023%, iYTW of 4.421%,

    Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,

    Low Refinancing Need...

    Read More

  • November 26, 2025
    Valens Credit Weekly Insights for November 26, 2025

    Featured Top Idea
    CRS – Carpenter Technology Corporation

    Action: Buy 2034 5.625% Bonds CUSIP: 144285AN3 (5.520% YTW, 4.424% iYTW)...

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  • November 19, 2025
    Valens Credit Weekly Insights for November 19, 2025

    Featured Top Idea
    F – Ford Motor Company
    Action: Buy 2028 6.625% Bonds CUSIP: 345370BT6 (4.554% YTW, 4.439% iYTW)
    Buy 2030 9.625% Bonds CUSIP: 345370CX6 (5.014% YTW, 4.560% iYTW)
    Buy 2031 7.450% Bonds CUSIP: 345370CA6 (5.214% YTW, 4.560% iYTW)
    Buy 2032 3.250% Bonds CUSIP: 345370DA5 (5.554% YTW, 4.965% iYTW)
    Buy 2032 6.100% Bonds CUSIP: 345370DB3 (5.578% YTW, 4.965% iYTW)...

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    Action: Buy 2028 3.875% Bonds CUSIP: 682189AQ8 (4.803% YTW, 3.996% iYTW)