Valens Credit Weekly Insights for January 9, 2019
Highlighted Top Ideas
MDR – McDermott International, Inc.
TWTR – Twitter, Inc.
The Latest from Credit News
Wednesday, January 16, 2019
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credit | January 10, 2019
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credit | January 3, 2019
Valens Credit Weekly Insights for January 2, 2019
Highlighted Top Ideas
AMKR – Amkor Technology, Inc.
GM – General Motors Company
TMUS – T-Mobile US, Inc.Other Recent Analyses
EXPE – Expedia Group, Inc.
GT – The Goodyear Tire & Rubber Company -
credit | December 18, 2018
CVI Valens Credit Analysis – No Traded CDS, Base Case iCDS 106bps, Negative Case iCDS 162bps, 2023 9.250% Bond YTW of 7.974%, iYTW of 4.664%, Ba3 Moody’s Rating, XO (equivalent to Baa3) Rating from Valens, High Refinancing Need
– No Traded CDS, Base Case iCDS 106bps–Negative Case iCDS 162bps, 2023 9.250% Bond YTW of 7.974%, iYTW of 4.664%– Ba3 Moody’s Rating, XO (equivalent to Baa3) Rating from Valens– High Refinancing Need -
credit | December 13, 2018
Valens Credit Weekly Insights for December 12, 2018
Highlighted Top Ideas
GME – GameStop Corp.
LEN – Lennar Corporation
MGM – MGM Resorts InternationalOther Recent Analyses
AXL – American Axle & Manufacturing Holdings, Inc.
WYND – Wyndham Destinations, Inc. -
credit | December 6, 2018
Valens Credit Weekly Insights for December 5, 2018
Highlighted Top Ideas
JCP – J. C. Penney Company, Inc.
KBH – KB Home
RYI – Ryerson Holding CorporationOther Recent Analyses
BBY – Best Buy Co., Inc.
HCA – HCA Healthcare, Inc. -
credit | November 29, 2018
Valens Credit Weekly Insights for November 28, 2018
Highlighted Top Ideas
BLDR – Builders FirstSource, Inc.
CHK – Chesapeake Energy Corporation
URI – United Rentals, Inc. -
credit | November 27, 2018
JCP Valens Credit Analysis – CDS 3,500bps, Base Case iCDS 487bps, Negative Case iCDS 880bps, 2023 7.125% Bond YTW of 22.940%, iYTW of 7.740%, Caa2 Rating from Moody’s, HY2 (equivalent to B2) Rating from Valens, High Refinancing Need
– CDS 3,500bps, Base Case iCDS 487bps–Negative Case iCDS 880bps, 2023 7.125% Bond YTW of 22.940%, iYTW of 7.740%– Caa2 Rating from Moody’s, HY2 (equivalent to B2) Rating from Valens– High Refinancing Need -
credit | November 22, 2018
Valens Credit Weekly Insights for November 21, 2018
Highlighted Top Ideas
CYH – Community Health Systems, Inc.
LB – L Brands, Inc.
MTW – The Manitowoc Company, Inc.Other Recent Analyses
AMAG – AMAG Pharmaceuticals, Inc.
RPM – RPM International Inc. -
credit | November 15, 2018
Valens Credit Weekly Insights for November 14, 2018
Highlighted Top Ideas
CCI – Crown Castle International Corp.
DAL – Delta Air Lines, Inc.
NAV – Navistar International CorporationOther Recent Analyses
ESV – Ensco plc
R – Ryder System, Inc. -
credit | November 8, 2018
Valens Credit Weekly Insights for November 7, 2018
Highlighted Top Ideas
AKS – AK Steel Holding Corporation
DLX – Deluxe Corporation
FCX – Freeport-McMoRan Inc.Other Recent Analyses
LEE – Lee Enterprises, Incorporated
MTOR – Meritor, Inc.
AMD – Advanced Micro Devices, Inc. -
credit | November 2, 2018
AKS Valens Credit Analysis – CDS 634bps, Base Case iCDS 246bps, Negative Case iCDS 799bps, 2023 7.500% Bond YTW of 7.178%, iYTW of 5.548%, B2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens, Low Refinancing Need
– CDS 634bps, Base Case iCDS 246bps–Negative Case iCDS 799bps, 2023 7.500% Bond YTW of 7.178%, iYTW of 5.548%– B2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens– Low Refinancing Need -
credit | November 1, 2018
Valens Credit Weekly Insights for October 31, 2018
Highlighted Top Ideas
DOOR – Masonite International Corporation
UHS – Universal Health Services, Inc.
WU – The Western Union CompanyOther Recent Analyses
AL – Air Lease Corporation
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credit | October 25, 2018
Valens Credit Weekly Insights for October 24, 2018
Highlighted Top Ideas
AXL – American Axle & Manufacturing Holdings, Inc.
CAR – Avis Budget Group, Inc.
DNR – Denbury Resources Inc.Other Recent Analyses
DF – Dean Foods Company
MNI – The McClatchy Company -
credit | October 18, 2018
Valens Credit Weekly Insights for October 17, 2018
Highlighted Top Ideas
BZH – Beazer Homes USA, Inc.
UIS – Unisys Corporation
YRCW – YRC Worldwide Inc.Other Recent Analyses
AN – AutoNation, Inc.
SUM – Summit Materials, Inc.
AMKR – Amkor Technology, Inc. -
credit | October 10, 2018
Valens Credit Weekly Insights for October 10, 2018
Highlighted Top Ideas
AER – AerCap Holdings N.V.
AVP – Avon Products, Inc.
OC – Owens CorningOther Recent Analyses
NFX – Newfield Exploration Company
MLM – Martin Marietta Materials, Inc. -
credit | October 5, 2018
AVP Valens Credit Analysis – 682bps CDS, Base Case iCDS 338bps, Negative Case iCDS 834bps, 2023 5.000% Bond YTW of 9.268%, iYTW of 6.338%, B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens, Low Refinancing Need
– 682bps CDS, Base Case iCDS 338bps–Negative Case iCDS 834bps, 2023 5.000% Bond YTW of 9.268%, iYTW of 6.338%– B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens– Low Refinancing Need -
credit | October 4, 2018
Valens Credit Weekly Insights for October 3, 2018
Highlighted Top Ideas
AGN – Allergan plc
MDR – McDermott International, Inc.
TWTR – Twitter, Inc.Other Recent Analyses
GT – The Goodyear Tire & Rubber Company
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credit | September 27, 2018
Valens Credit Weekly Insights for September 26, 2018
Highlighted Top Ideas
GM – General Motors Company
MEG:CAN – MEG Energy Corp.
TMUS – T-Mobile US, Inc.Other Recent Analyses
EXPE – Expedia Group, Inc.
PKD – Parker Drilling Company -
credit | September 20, 2018
Valens Credit Weekly Insights for September 19, 2018
Highlighted Top Ideas
CVI – CVR Energy, Inc.
RIG – Transocean Ltd.
X – United States Steel CorporationOther Recent Analyses
R – Ryder System, Inc.
FCX – Freeport-McMoRan Inc. -
credit | September 13, 2018
Valens Credit Weekly Insights for September 12, 2018
Highlighted Top Ideas
DLX – Deluxe Corporation
HL – Hecla Mining Company
MTOR – Meritor, Inc.Other Recent Analyses
AMD – Advanced Micro Devices, Inc.
