SYNA – Base Case iCDS 180bps,
Negative Case iCDS 286bps, 2029 4.000% Bond YTW of 7.577%, iYTW of 5.697%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreThe Latest from Credit News
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June 21, 2023
Featured Top Idea
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ROST – Ross Stores, Inc.
Action: Buy 2027 4.700% Bonds, CUSIP: 778296AC7 (5.238% YTW, 4.548% iYTW)... -
June 20, 2023
ROST – Base Case iCDS 69bps,
Negative Case 70bps, 2027 4.700% Bond YTW of 5.238%, iYTW of 4.548%,
A2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 14, 2023
UAA – Traded CDS 240bps, Base Case iCDS 135bps,
Negative Case iCDS 195bps, 2026 3.250% Bond YTW of 6.109%, iYTW of 5.522%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 14, 2023
Featured Top Idea
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UAA – Amkor Technology, Inc.
Action: Buy 2026 3.250% Bonds CUSIP: 904311AA5 (6.109% YTW, 5.522% iYTW)... -
June 7, 2023
Featured Top Idea
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X – United States Steel Corporation
Action: Buy 2029 6.625% Bonds, CUSIP: 08949LAB6 (6.886% YTW, 5.766% iYTW)
Buy 2029 6.875% Bonds, CUSIP: 912909AU2 (7.670% YTW, 5.453% iYTW)... -
May 31, 2023
Featured Top Idea
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MTDR – Matador Resources Company
Action: Close 2026 5.875% Bonds CUSIP: 576485AE6
Close 2028 6.875% Bonds CUSIP: 576485AF3... -
May 30, 2023
MTDR – Base Case iCDS 251bps,
Negative Case iCDS 339bps, 2026 5.875% Bond YTW of 6.770%, iYTW of 6.510%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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May 30, 2023
SYNA – Base Case iCDS 180bps,
Negative Case iCDS 289bps, 2029 4.000% Bond YTW of 7.409%, iYTW of 5.469%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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May 30, 2023
MUR – Base Case CDS 261bps, Base Case iCDS 168bps,
Negative Case iCDS 301bps, 2028 6.375% Bond YTW of 6.600%, iYTW of 5.445%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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May 26, 2023
X – Traded CDS 476bps, Base Case iCDS 201bps,
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Negative Case iCDS 511bps, 2029 6.875% Bond YTW of 7.670%, iYTW of 5.453%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need... -
May 25, 2023
CNC – Base Case CDS 206ps, Base Case iCDS 70bps,
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Negative Case iCDS 71bps, 2027 4.250% Bond YTW of 5.650%, iYTW of 4.290%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need... -
May 24, 2023
Featured Top Idea
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AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (6.682% YTW, 4.772% iYTW)... -
May 23, 2023
CIEN – Base Case iCDS 114bps,
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Negative Case iCDS 171bps, 2030 4.000% Bond YTW of 6.413%, iYTW of 4.683%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need... -
May 23, 2023
MTCH – Base Case CDS 225bps, Base Case iCDS 191bps,
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Negative Case iCDS 259bps, 2027 5.000% Bond YTW of 6.657%, iYTW of 5.427%,
Ba2 Rating from Moody’s, IG3- (equivalent to A3) Rating from Valens,
Low Refinancing Need... -
May 17, 2023
Featured Top Idea
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UBER – Uber Technologies, Inc.
Action: Buy 2026 8.000% Bonds, CUSIP: 90353TAC4 (6.196% YTW, 4.176% iYTW)
Buy 2027 7.500% Bonds, CUSIP: 90353TAE0 (5.947% YTW, 4.053% iYTW)
Buy 2028 6.250% Bonds, CUSIP: 90353TAG5 (5.902% YTW, 3.940% iYTW)
Buy 2029 4.500% Bonds, CUSIP: 90353TAK6 (5.864% YTW, 3.928% iYTW)... -
May 17, 2023
HES – CDS 152bps, Base Case iCDS 65bps
Negative Case iCDS 80bps, 2027 4.300% Bond YTW of 4.642%, iYTW of 3.561%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 17, 2023
PDCE – Base Case iCDS 159bps
Negative Case iCDS 219bps, 2026 5.750% Bond YTW of 6.801%, iYTW of 5.351%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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May 17, 2023
UBER – CDS 195bps, Base Case iCDS 56bps
Negative Case iCDS 71bps, 2027 7.500% Bond YTW of 5.947%, iYTW of 4.053%
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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May 9, 2023
CC – Traded CDS 363bps, Base Case iCDS 172bps
Negative Case iCDS 291bps, 2028 5.750% Bond YTW of 8.024%, iYTW of 5.184%
Ba3 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens
Low Refinancing Need...
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