ZIP – Base Case iCDS 265bps,
Negative Case iCDS 317bps, 2030 5.000% Bond YTW of 7.368%, iYTW of 6.737%,
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreZIP – Base Case iCDS 265bps,
Negative Case iCDS 317bps, 2030 5.000% Bond YTW of 7.368%, iYTW of 6.737%,
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreSQ – Base Case iCDS 65bps,
Negative Case iCDS 148bps, 2027 0.250% Bond YTW of 5.627%, iYTW of 4.740%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
Read MoreCNC – Base Case CDS 126bps, Base Case iCDS 69bps,
Negative Case iCDS 71bps, 2029 4.625% Bond YTW of 5.617%, iYTW of 4.827%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreROST – Base Case iCDS 43bps,
Negative Case iCDS 48bps, 2027 4.700% Bond YTW of 5.568%, iYTW of 4.822%,
A2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreUBER – CDS 89bps, Base Case iCDS 38bps
Negative Case iCDS 43bps, 2029 4.500% Bond YTW of 5.931%, iYTW of 4.724%
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
Read MoreFeatured Top Idea
AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (5.931% YTW, 5.201% iYTW)...
Featured Top Idea
RRC – Range Resources Corp
Action: Buy 2029 8.250% Bonds CUSIP: 75281ABJ7 (6.394% YTW, 4.624% iYTW)...
RRC – Base Case CDS 155bps
Base Case iCDS 182bps, Negative Case iCDS 254bps, 2029 8.250% Bond YTW of 6.394%, iYTW of 4.624%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreMSCI – Base Case iCDS 123bps
Negative Case iCDS 149bps, 2029 4.000% Bond YTW of 5.693%, iYTW of 5.553%
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
Read MoreFCX – Base Case CDS 112bps, Base Case iCDS 48bps,
Negative Case iCDS 63bps, 2028 5.250% Bond YTW of 5.343%, iYTW of 4.813%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreMOH – Base Case CDS 152bps, Base Case iCDS 83bps,
Negative Case iCDS 155bps, 2028 4.375% Bond YTW of 6.033%, iYTW of 5.103%,
Ba3 Rating from Moody’s, IG3+ (equivalent to A1) Rating from Valens,
Low Refinancing Need...
Read MoreTEX – Traded CDS 182bps, Base Case iCDS 138bps,
Negative Case 316bps, 2029 5.000% Bond YTW of 6.402%, iYTW of 5.682%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreBA – Base Case CDS 76bps, Base Case iCDS 15bps,
Negative Case iCDS 25bps, 2029 3.200% Bond YTW of 5.340%, iYTW of 4.310%,
Baa2 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
Read MoreCIEN – Base Case iCDS 105bps,
Negative Case iCDS 148bps, 2030 4.000% Bond YTW of 5.965%, iYTW of 5.295%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
SYNA – Synaptics Incorporated
Action: Buy 2029 4.000% Bonds CUSIP: 87157DAG4 (6.527% YTW, 5.487% iYTW)...
KSS – Base Case CDS 465bps, Base Case iCDS 234bps,
Negative Case iCDS 304bps, 2031 3.375% Bond YTW of 8.623%, iYTW of 6.652%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreAMCX – Base Case iCDS 458bps,
Negative Case iCDS 513bps, 2029 4.250% Bond YTW of 12.652%, iYTW of 8.879%,
B1 Rating from Moody’s, XO (equivalent to Baa3) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
PBF – PBF Energy Corporation
Action: Buy 2028 6.000% Bonds CUSIP: 69318FAJ7 (6.755% YTW, 4.935% iYTW)
Buy 2030 7.875% Bonds CUSIP: 69318FAL2 (7.110% YTW, 4.720% iYTW)...
HOLX – Base Case iCDS 71bps,
Negative Case iCDS 97bps, 2029 3.250% Bond YTW of 5.583%, iYTW of 4.703%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
QRVO – Qorvo, Inc.
Action: Buy 2029 4.375% Bonds CUSIP: 74736KAH4 (5.812% YTW, 5.0827% iYTW)...