FCX – Base Case CDS 157bps, Base Case iCDS 68bps,
Negative Case iCDS 97bps, 2028 4.125% Bond YTW of 5.329%, iYTW of 4.019%,
Baa3 Rating from S&P, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreThe Latest from Credit News
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May 9, 2023
FL – Base Case iCDS 166bps, Negative Case iCDS 222bps,
2029 4.000% Bond YTW of 7.209%, iYTW of 5.309%,
Ba1 Rating from S&P, XO (equivalent to Baa3) Rating from Valens,
Low Refinancing Need...
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May 3, 2023
BA – Base Case CDS 116bps, Base Case iCDS 14bps,
Negative Case iCDS 26bps, 2028 3.250% Bond YTW of 4.977%, iYTW of 3.580%,
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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May 3, 2023
Featured Top Idea
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HOLX – Hologic, Inc.
Action: Buy 2028 4.625% Bonds, CUSIP: 436440AM3 (5.407% YTW, 4.407% iYTW)
Buy 2029 3.250% Bonds, CUSIP: 436440AP6 (5.427% YTW, 4.437% iYTW)... -
April 28, 2023
HOLX – No Traded CDS, Base Case iCDS 80bps
Negative Case iCDS 111bps, 2028 4.625% Bond YTW of 5.407%, iYTW of 4.407%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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April 26, 2023
Featured Top Idea
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MU – Micron Technology, Inc.
Action: Buy 2027 4.185% Bonds CUSIP: 595112BP7 (5.188% YTW, 4.192% iYTW)
Buy 2028 5.375% Bonds CUSIP: 595112CA9 (5.498% YTW, 4.198% iYTW)
Buy 2029 5.327% Bonds CUSIP: 595112BN2 (5.425% YTW, 4.193% iYTW)
Buy 2029 6.750% Bonds CUSIP: 595112BV4 (5.572% YTW, 4.202% iYTW)
Buy 2030 4.663% Bonds CUSIP: 595112BQ5 (5.496% YTW, 4.095% iYTW)... -
April 25, 2023
WDC – Closed CDS 203bps, Base Case iCDS 130bps
Negative Case iCDS 433bps, 2026 4.750% Bond YTW of 6.107%, iYTW of 5.101%
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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April 24, 2023
MU – Base Case CDS 152bps, Base Case iCDS 50bps
Negative Case iCDS 151bps, 2027 4.185% Bond YTW of 5.188%, iYTW of 4.192%
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read More -
April 19, 2023 -
April 18, 2023
QRVO – Base Case iCDS 133bps
Negative Case 199bps, 2029 4.375% Bond YTW of 5.897%, iYTW of 4.877%
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
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April 14, 2023
TEX – Base Case CDS 271bps, Base Case iCDS 188bps,
Negative Case iCDS 414bps, 2029 5.000% Bond YTW of 6.554%, iYTW of 5.404%,
Ba3 Rating from S&P, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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April 12, 2023
Featured Top Idea
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FLR – Fluor Corporation
Action: Buy 2028 4.250% Bonds CUSIP: 343412AF9 (6.596% YTW, 4.931% iYTW)... -
April 12, 2023
MOH – Base Case CDS 195bps, Base Case iCDS 91bps,
Negative Case iCDS 151bps, 2028 4.375% Bond YTW of 6.138%, iYTW of 4.428%,
Ba3 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
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April 11, 2023
FLR – Traded CDS 186bps, Base Case iCDS 156bps,
Negative Case iCDS 210bps, 2028 4.250% Bond YTW of 6.436%, iYTW of 5.204%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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April 5, 2023
Featured Top Idea
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MTCH – Match Group, Inc.
Action: Buy 2027 5.000% Bonds CUSIP: 57665RAG1 (7.096% YTW, 5.936% iYTW)
Buy 2028 4.625% Bonds CUSIP: 57665RAN6 (7.417% YTW, 5.687% iYTW)
Buy 2029 5.625% Bonds CUSIP: 57665RAJ5 (7.274% YTW, 5.814% iYTW)... -
March 24, 2023
MUR – Base Case CDS 290bps, Base Case iCDS 163bps,
Negative Case iCDS 321bps, 2028 6.375% Bond YTW of 7.195%, iYTW of 5.310%,
Ba2 Rating from S&P, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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March 23, 2023
MTCH – Base Case CDS 218bps, Base Case iCDS 199bps,
Negative Case iCDS 311bps, 2027 5.000% Bond YTW of 7.096%, iYTW of 5.936%,
Ba2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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March 21, 2023
MTDR – Traded Base Case iCDS 162bps,
Negative Case iCDS 242bps, 2026 5.875% Bond YTW of 7.299%, iYTW of 5.619%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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March 20, 2023
AMKR – CDS 192bps, Base Case iCDS 127bps,
Negative Case iCDS 208bps, 2027 6.625% Bond YTW of 7.146%, iYTW of 5.226%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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March 20, 2023
CNC – Base Case CDS 168bps, Base Case iCDS 66bps,
Negative Case iCDS 69bps, 2027 4.250% Bond YTW of 6.023%, iYTW of 4.913%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
Read More