Analysis

The Latest from Credit News


October 16, 2019
Valens Credit Weekly Insights for October 16, 2019

Highlighted Top: GM – General Motors Company, MTW – The Manitowoc Company, Inc., X – United States Steel Corporation 

October 10, 2019
Valens Credit Weekly Insights for October 11, 2019

Highlighted Top: AXL– American Axle & Manufacturing Holdings, Inc., UNT – Unit Corporation, RFP – Resolute Forest Products Inc.

October 3, 2019
Valens Credit Weekly Insights for October 3, 2019

Highlighted Top: AER – AerCap Holdings N.V. , CAR – Avis Budget Group, Inc. , CVS – CVS Health Corporation 

September 26, 2019
Valens Credit Weekly Insights for September 25, 2019

Highlighted Top: AMD – Advanced Micro Devices, Inc., DISH – DISH Network Corporation, OC – Owens Corning 

September 19, 2019
Valens Credit Weekly Insights for September 18, 2019

Highlighted Top: AN – AutoNation, Inc., MGM – MGM Resorts International, RIG – Transocean Ltd.

September 12, 2019
Valens Credit Weekly Insights for September 11, 2019

Highlighted Top: HCA – HCA Healthcare, Inc., R – Ryder System, Inc., TMUS – T-Mobile US, Inc.

September 5, 2019
Valens Credit Weekly Insights for September 4, 2019

Highlighted Top: MCK – McKesson Corporation, MTOR – Meritor, Inc., SKT – Tanger Factory Outlet Centers, Inc.

August 29, 2019
Valens Credit Weekly Insights for August 28, 2019

Highlighted Top: CSTM – Constellium SE, FCX – Freeport-McMoRan Inc., MDR – McDermott International, Inc.

August 20, 2019
MDR Valens Credit Analysis – No Traded CDS, Base Case iCDS 620bps, Negative Case iCDS 1183bps, 2024 10.625% Bond YTW of 21.100%, iYTW of 7.610%, B- Rating from S&P, XO- (equivalent to BB+) Rating from Valens, High Refinancing Need

– No Traded CDS, Base Case iCDS 620bps

– Negative Case iCDS 1183bps, 2024 10.625% Bond YTW of 21.100%, iYTW of 7.610%

– B- Rating from S&P, XO- (equivalent to BB+) Rating from Valens

– High Refinancing Need

August 8, 2019
Valens Credit Weekly Insights for August 7, 2019

Highlighted Top AER – AerCap Holdings N.V., DOOR – Masonite International Corporation, UIS – Unisys Corporation

August 1, 2019
Valens Credit Weekly Insights for July 31, 2019

Highlighted Top Ideas DNR – Denbury Resources Inc., IEP – Icahn Enterprises L.P., JCP – J. C. Penney Company, Inc.

July 25, 2019
Valens Credit Weekly Insights for July 24, 2019

Highlighted Top Ideas AMKR – Amkor Technology, Inc., AVP – Avon Products, Inc., BZH – Beazer Homes USA, Inc.

July 18, 2019
Valens Credit Weekly Insights for July 17, 2019

Highlighted Top Ideas AN – AutoNation, Inc., CVI – CVR Energy, Inc., RIG – Transocean Ltd.

July 11, 2019
Valens Credit Weekly Insights for July 6, 2019

Highlighted Top Ideas DBD – Diebold Nixdorf, Incorporated, MGM – MGM Resorts International, WYND – Wyndham Destinations, Inc., 

July 4, 2019
Valens Credit Weekly Insights for July 3, 2019

Highlighted Top Ideas ADNT – Adient plc, AMAG – AMAG Pharmaceuticals, Inc., HCA – HCA Healthcare, Inc.