DVN – Base Case CDS 115bps, Base Case iCDS 51bps,
Negative Case iCDS 67bps, 2028 5.875% Bond YTW of 6.341%, iYTW of 5.211%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreThe Latest from Credit News
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October 18, 2023
Featured Top Idea
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ZIP – ZipRecruiter, Inc.
Action: Buy 2030 5.000% Bonds CUSIP: 98980BAA1 (9.631% YTW, 7.191% iYTW)... -
October 13, 2023
ZIP – Base Case iCDS 262bps
Negative Case iCDS 302bps, 2030 5.000% Bond YTW of 9.631%, iYTW of 7.191%
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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October 11, 2023
Featured Top Idea
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MOH – Molina Healthcare, Inc.
Action: Buy 2028 4.375% Bonds CUSIP: 60855RAJ9 (7.387% YTW, 5.587% iYTW)... -
October 4, 2023
Featured Top Idea
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SYNA – Synaptics Incorporated
Action: Action: Buy 2029 4.000% Bonds CUSIP: 87157DAG4 (7.693% YTW, 6.133% iYTW)... -
September 29, 2023
SYNA – Base Case iCDS 152bps,
Negative Case iCDS 209bps, 2029 4.000% Bond YTW of 7.693%, iYTW of 6.133%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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September 27, 2023
Featured Top Idea
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UAA – Under Armour, Inc.
Action: Close 2026 3.250% Bonds CUSIP: 904311AA5... -
September 26, 2023
FLR – Traded CDS 108bps, Base Case iCDS 145bps,
Negative Case iCDS 215bps, 2028 4.250% Bond YTW of 5.994%, iYTW of 5.973%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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September 22, 2023
MUR – Base Case CDS 138bps, Base Case iCDS 155bps,
Negative Case iCDS 271bps, 2028 6.375% Bond YTW of 6.477%, iYTW of 6.012%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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September 20, 2023
Featured Top Idea
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CIEN – Ciena Corporation
Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (6.442% YTW, 5.392% iYTW)... -
September 18, 2023
UAA – Base Case CDS 225bps, Base Case iCDS 145bps
Negative Case iCDS 210bps, 2026 3.250% Bond YTW of 6.357%, iYTW of 6.143%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read More -
September 13, 2023
Featured Top Idea
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UBER – Uber Technologies, Inc.
Action: Buy 2026 8.000% Bonds, CUSIP: 90353TAC4 (6.246% YTW, 4.332% iYTW)
Buy 2027 7.500% Bonds, CUSIP: 90353TAE0 (6.519% YTW, 4.605% iYTW)
Buy 2028 6.250% Bonds, CUSIP: 90353TAG5 (6.446% YTW, 4.532% iYTW)
Buy 2029 4.500% Bonds, CUSIP: 90353TAK6 Buy 2029 4.500% Bonds, CUSIP: 90353TAK6... -
September 12, 2023
MSCI – Base Case iCDS 88bps
Negative Case iCDS 143bps, 2029 4.000% Bond YTW of 6.066%, iYTW of 5.236%
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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September 6, 2023
Featured Top Idea
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AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (6.771% YTW, 5.581% iYTW)... -
August 30, 2023
Featured Top Idea
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CNC – Centene Corporation
Action: Buy 2027 4.250% Bonds CUSIP: 15135BAQ4 (6.101% YTW, 5.071% iYTW)
Buy 2028 2.450% Bonds CUSIP: 15135BAY7 (6.132% YTW, 5.102% iYTW)
Buy 2029 4.625% Bonds CUSIP: 15135BAT8 (6.384% YTW, 5.354% iYTW)
Buy 2030 3.375% Bonds CUSIP: 15135BAU5 (6.308% YTW, 5.278% iYTW)... -
August 29, 2023
X – Traded CDS 276bps, Base Case iCDS 319bps
Negative Case iCDS 430bps, 2029 6.875% Bond YTW of 7.108%, iYTW of 7.602%
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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August 23, 2023
CNC – Base Case CDS 166ps,
Base Case iCDS 70bps, Negative Case iCDS 80bps, 2027 4.250% Bond YTW of 6.101%, iYTW of 5.071%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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August 23, 2023
Featured Top Idea
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MTCH – The Chemours Company
Action: Close Trade 2027 5.000% Bonds CUSIP: 57665RAG1... -
August 18, 2023
AMKR – Base Case iCDS 122bps,
Negative Case iCDS 196bps, 2027 6.625% Bond YTW of 6.771%, iYTW of 5.581%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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August 18, 2023
MTCH – Base Case iCDS 184bps,
Negative Case iCDS 259bps, 2027 5.000% Bond YTW of 6.536%, iYTW of 6.156%,
Ba2 Rating from Moody’s, IG3- (equivalent to A3) Rating from Valens,
Low Refinancing Need...
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