Analysis

The Latest from Credit News

  • May 6, 2026
    Valens Credit Weekly Insights for May 6, 2026

    Featured Top Idea
    HUM – Humana, Inc.
    Action: Buy 2031 5.375% Bonds CUSIP: 444859CA8 (5.131% YTW, 4.384% iYTW)...

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  • April 24, 2026
    F – Base Case iCDS 83bps, Negative Case iCDS 96bps, 2031 7.450% Bond YTW of 5.648%, iYTW of 4.794%, Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need

    F – Base Case iCDS 83bps

    Negative Case iCDS 96bps, 2031 7.450% Bond YTW of 5.648%, iYTW of 4.794%

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

    Low Refinancing Need...

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  • April 15, 2026
    Valens Credit Weekly Insights for April 15, 2026

    Featured Top Idea
    CIEN – Ciena Corporation
    Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (5.107% YTW, 4.188% iYTW)...

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  • March 27, 2026
    TEAM – Base Case iCDS 17bps, Negative Case iCDS 50bps, 2029 5.250% Bond YTW of 4.872%, iYTW of 3.834%, Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Nee

    TEAM – Base Case iCDS 17bps

    Negative Case iCDS 50bps, 2029 5.250% Bond YTW of 4.872%, iYTW of 3.834%

    Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens

    Low Refinancing Need...

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  • March 27, 2026
    APP – Base Case iCDS 13bps, Negative Case iCDS 17bps, 2031 5.375% Bond YTW of 4.854%, iYTW of 3.825%, Baa3 Rating from Moody’s, IG2+ (equivalent to Aa1) Rating from Valens, Low Refinancing Need

    APP – Base Case iCDS 13bps

    Negative Case iCDS 17bps, 2031 5.375% Bond YTW of 4.854%, iYTW of 3.825%

    Baa3 Rating from Moody’s, IG2+ (equivalent to Aa1) Rating from Valens

    Low Refinancing Need...

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  • March 26, 2026
    CRWD – Base Case iCDS 25bps, Negative Case iCDS 94bps, 2029 3.000% Bond YTW of 5.020%, iYTW of 4.006%, Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    CRWD – Base Case iCDS 25bps,

    Negative Case iCDS 94bps, 2029 3.000% Bond YTW of 5.020%, iYTW of 4.006%,

    Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,

    Low Refinancing Need...

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  • March 26, 2026
    CIEN – Base Case iCDS 38bps, Negative Case iCDS 77bps, 2030 4.000% Bond YTW of 5.107%, iYTW of 4.188%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    CIEN – Base Case iCDS 38bps,

    Negative Case iCDS 77bps, 2030 4.000% Bond YTW of 5.107%, iYTW of 4.188%,

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

    Low Refinancing Need...

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  • March 25, 2026
    Valens Credit Weekly Insights for March 25, 2026

    Featured Top Idea
    XYZ – Block, Inc.
    Action: Buy 2031 3.500% Bonds CUSIP: 852234AM5 (5.428% YTW, 4.523% iYTW)...

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  • March 24, 2026
    XYZ – Base Case iCDS 65bps, Negative Case iCDS 113bps, 2031 3.500% Bond YTW of 5.428%, iYTW of 4.523%, Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need

    XYZ – Base Case iCDS 65bps,

    Negative Case iCDS 113bps, 2031 3.500% Bond YTW of 5.428%, iYTW of 4.523%,

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

    Low Refinancing Need...

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  • 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...

    Read More

  • 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...

    Read More

  • 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)...

    Read More

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