JP Morgan expects more than $100 billion of rising stars
JP Morgan credit analysts say they expect $105 billion of high yield debt to attain investment grade status in the next two years
But what volume went through at 12,000bps?
Folk always talk about the rating agencies getting things wrong, but Ford is an example of the market getting it wrong. This is a credit that traded above 12,000 bps during the GFC implying almost certain default
CLOs
- Middle market portfolios aren't immune to rate stress, according to new research 2 days ago
- Sona prices CLO number two 2 days ago
- Another 2016 vintage CLO gets reset as Octagon stays busy 2 days ago
- Neuberger Berman resets 2016 vintage for second time 2 days ago
- Beach Point brings in tight price for third US CLO 2 days ago
Comment by: Anonymous. Posted 12 years ago [2011-05-19 21:58:09]