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SKT – No Traded CDS, Base Case iCDS 302bps, Negative Case iCDS 346bps, 2027 3.875% Bond YTW of 6.939%, iYTW of 7.749%, Baa3 Rating from Moody’s, HY1 (equivalent to Ba2) Rating from Valens, High Refinancing Need

November 15, 2022

  • Credit markets are accurately stating credit risk, with a cash bond YTW of 6.939% relative to an Intrinsic YTW of 7.309% and an Intrinsic CDS of 302bps.
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