AR – Base Case CDS 121bps, Base Case iCDS 106bps,
Negative Case iCDS 119bps, 2029 7.625% Bond YTW of 6.135%, iYTW of 5.167%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreThe Latest from Credit News
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November 5, 2024
KSS – Base Case CDS 493bps, Base Case iCDS 279bps,
Negative Case iCDS 322bps, 2029 7.250% Bond YTW of 7.163%, iYTW of 6.895%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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October 30, 2024
Featured Top Idea
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PBF – PBF Energy Inc.
Action: Buy 2028 6.000% Bonds CUSIP: 69318FAJ7 (6.854% YTW, 5.794% iYTW)... -
October 28, 2024
BA – Base Case CDS 129bps, Base Case iCDS 75bps
Negative Case iCDS 134bps, 2029 6.298% Bond YTW of 5.225%, iYTW of 4.732%
Baa3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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October 23, 2024
Featured Top Idea
NRG – NRG Energy, Inc.Action: Buy 2028 5.750% Bonds CUSIP: 629377CE0 (5.756% YTW, 4.185% iYTW)
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Buy 2029 3.375% Bonds CUSIP: 629377CQ3 (5.442% YTW, 4.173% iYTW)
Buy 2029 5.250% Bonds CUSIP: 629377CH3 (5.519% YTW, 4.173% iYTW)
Buy 2031 3.625% Bonds CUSIP: 629377CR1 (5.562% YTW, 4.341% iYTW)... -
October 16, 2024
Featured Top Idea
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CRWD – CrowdStrike Holdings, Inc.
Action: Buy 2029 3.000% Bonds CUSIP: 22788CAA3 (4.856% YTW, 3.723% iYTW)... -
October 9, 2024
Featured Top Idea
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AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (5.533% YTW, 4.423% iYTW)... -
October 4, 2024
CRWD – Base Case iCDS 19bps,
Negative Case iCDS 36bps, 2029 3.000% Bond YTW of 4.856%, iYTW of 3.723%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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October 4, 2024
PARA – Base Case iCDS 45bps,
Negative Case iCDS 108bps, 2028 3.375% Bond YTW of 5.201%, iYTW of 3.950%,
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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October 4, 2024
NRG – CDS 114bps, iCDS 32bps,
Negative Case iCDS 40bps, 2028 5.750% Bond YTW of 5.756%, iYTW of 4.185%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
...
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October 2, 2024
Featured Top Idea
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SYNA – Synaptics Incorporated
Action: Close Trade 2029 4.000% Bonds CUSIP: 87157DAG4... -
September 25, 2024
Featured Top Idea
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ZIP – ZipRecruiter, Inc.
Action: Buy 2030 5.000% Bonds CUSIP: 98980BAA1 (7.172% YTW, 6.634% iYTW)... -
September 18, 2024
AMKR – Base Case iCDS 80bps,
Negative Case iCDS 109bps, 2027 6.625% Bond YTW of 5.533%, iYTW of 4.423%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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September 18, 2024
Featured Top Idea
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ROST – Ross Stores, Inc.
Action: Buy 2030 4.800% Bonds, CUSIP: 778296AD5 (4.772% YTW, 4.153% iYTW)... -
September 17, 2024
SQ – Base Case iCDS 67bps,
Negative Case iCDS 107bps, 2031 3.500% Bond YTW of 5.174%, iYTW of 4.329%,
Ba2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
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September 17, 2024
SYNA – Base Case iCDS 141bps,
Negative Case iCDS 164bps, 2029 4.000% Bond YTW of 5.322%, iYTW of 4.907%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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September 11, 2024
Featured Top Idea
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OII – Oceaneering International, Inc.
Action: Buy 2028 6.000% Bonds CUSIP: 675232AB8 (5.742% YTW, 5.133% iYTW)... -
September 9, 2024
CNC – Base Case CDS 136bps, Base Case iCDS 72bps,
Negative Case iCDS 73bps, 2028 2.450% Bond YTW of 4.783%, iYTW of 4.283%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
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September 9, 2024
ON – Base Case iCDS 57bps,
Negative Case iCDS 72bps 2028 3.875% Bond YTW of 5.427%, iYTW of 4.110%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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September 5, 2024
TEX – Traded CDS 172bps, Base Case iCDS 209bps,
Negative Case 380bps, 2029 5.000% Bond YTW of 5.703%, iYTW of 5.759%,
Ba2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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