Featured Top Idea
SQ – Block, Inc.
Action: Buy 2031 3.500% Bonds CUSIP: 852234AM5 (5.842% YTW, 5.308% iYTW)...
The Latest from Credit News
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June 26, 2024
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June 26, 2024
DVN – Base Case CDS 84bps, Base Case iCDS 60bps,
Negative Case iCDS 81bps, 2028 5.875% Bond YTW of 5.629%, iYTW of 5.336%,
Baa2 Rating from Moody’s, IG4+ Rating from Valens,
Low Refinancing Need...
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June 24, 2024
ZIP – Base Case iCDS 302bps,
Negative Case iCDS 353bps, 2030 5.000% Bond YTW of 8.027%, iYTW of 7.484%,
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 24, 2024
TWI – Base Case iCDS 414bps,
Negative Case 817bps, 2028 7.000% Bond YTW of 7.960%, iYTW of 9.034%,
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 19, 2024
Featured Top Idea
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AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (6.137% YTW, 5.506% iYTW)... -
June 13, 2024
SQ – Base Case iCDS 102bps,
Negative Case iCDS 167bps, 2031 3.500% Bond YTW of 5.842%, iYTW of 5.308%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
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June 13, 2024
AMKR – Base Case iCDS 77bps,
Negative Case iCDS 106bps, 2027 6.625% Bond YTW of 6.137%, iYTW of 5.506%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
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June 13, 2024
TDG – Base Case iCDS 130bps,
Negative Case iCDS 153bps, 2028 6.750% Bond YTW of 5.887%, iYTW of 5.596%,
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
High Refinancing Need
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June 12, 2024
Featured Top Idea
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ON – ON Semiconductor Corporation
Action: Buy 2028 3.875% Bonds CUSIP: 682189AQ8 (6.144% YTW, 5.004% iYTW)... -
June 11, 2024
QRTE.A – Base Case iCDS 161bps,
Negative Case iCDS 244bps, 2025 4.450% Bond YTW of 7.259%,
iYTW of 7.169%, CCC+ Rating from S&P, XO- (equivalent to BB+) Rating from Valens,
Low Refinancing Need...
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June 6, 2024
DINO – Base Case iCDS 110bps,
Negative Case iCDS 146bps, 2028 5.000% Bond YTW of 6.012%, iYTW of 5.632%,
Baa3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 6, 2024
ON – Base Case iCDS 59bps,
Negative Case iCDS 73bps, 2028 3.875% Bond YTW of 6. 144%, iYTW of 5.004%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
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June 4, 2024
ROST – Base Case iCDS 61bps,
Negative Case iCDS 69bps, 2030 4.800% Bond YTW of 5.762%, iYTW of 5.192%,
A2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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June 4, 2024
UBER – CDS 83bps, Base Case iCDS 36bps,
Negative Case iCDS 44bps, 2029 4.500% Bond YTW of 5.811%, iYTW of 4.881%,
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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May 29, 2024
Featured Top Idea
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TEX – Terex Corporation
Action: Buy 2029 5.000% Bonds CUSIP: 880779BA0 (6.259% YTW, 5.819% iYTW)... -
May 24, 2024
FCX – Base Case CDS 81bps, Base Case iCDS 44bps,
Negative Case iCDS 58bps, 2029 5.250% Bond YTW of 5.191%, iYTW of 4.911%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
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May 23, 2024
TEX – Traded CDS 160bps, Base Case iCDS 141bps,
Negative Case 341bps, 2029 5.000% Bond YTW of 6.259%, iYTW of 5.819%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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May 22, 2024
MOH – Base Case CDS 112bps, Base Case iCDS 81bps,
Negative Case iCDS 152bps, 2028 4.375% Bond YTW of 6.140%, iYTW of 5.170%,
Ba2 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need
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May 22, 2024
Featured Top Idea
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AMCX – AMC Networks Inc.
Action: Buy 2029 4.250% Bonds CUSIP: 00164VAF0 (12.803% YTW, 10.157% iYTW)... -
May 21, 2024
BA – Base Case CDS 120bps, Base Case iCDS 59bps,
Negative Case iCDS 94bps, 2029 3.200% Bond YTW of 6.004%, iYTW of 5.054%,
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
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