Not exact matches
At
issuance, around 90 per cent of the
bonds and loans in domestic CDOs were investment
grade (rated BBB or above by S&P), with 10 per cent sub-investment
grade or unrated.
Issuance of investment -
grade corporate
bonds picked up in early March in a receptive market, as investors sought higher yields than were available on safe - haven Treasury
bonds.
Assuming the
bond rating agencies
grading of a
bond issuance is accurate then it should be very easy to determine based on risk aversion which type of
bond and investor would buy.
Two of the largest risks are that the average credit quality of
bonds in this sector is well below investment
grade and the heavy
issuance of zero coupon
bonds creates a sector that has one of the longest durations in the municipal
bond market.
A
bond rating is a
grade applied to a
bond issuance clearly specifying the quality and level of risk assumed by a
bond purchaser.
This tracks the performance of corporate
bonds that were rated as investment -
grade at the time of
issuance but have since been downgraded to non-investment
grade.
Corporate
bonds are considered to be riskier than government
bonds because the investment
grade rating of corporate
bonds varies depending on the debt
issuance and revenue of the company.
Her practice includes representing financial sponsors, corporate borrowers and various lenders on a wide range of transaction types, including leveraged acquisition financings, high - yield
bond issuances, asset - based revolving credit facilities, complex restructurings, debtor - in - possession and exit financings and investment -
grade, unsecured financings.