Sentences with phrase «in investment grade credit»

Not exact matches

With the scandal set to hurt profits and as funding costs climb, the debt load will likely increase beyond 5 times Ebitda, Mizuho Securities USA said Thursday in a note to clients, adding its internal credit rating on BRF is now three steps below investment grade.

He also says the company is sitting on a lot of acreage in emerging gas fields, and its investment - grade credit rating of BBB + means it's a low - risk play.

Are there value investors in investment - grade corporate credit?

You can invest in bond funds by stated maturities (short - term, intermediate - term, long - term), credit quality (treasuries, junk bonds, investment grade corporate bonds) or pretty much any other way you can separate bond investments.

The fund can purchase securities of any credit quality, including those in default, but it will primarily invest in investment - grade debt, with no more than 20 % of the portfolio invested in junk bonds.

In the credit markets, both investment - grade and high - yield corporate bonds had negative returns for the first time in eight quarters, with down - in - quality subsectors in each unconventionally outperforming higher quality oneIn the credit markets, both investment - grade and high - yield corporate bonds had negative returns for the first time in eight quarters, with down - in - quality subsectors in each unconventionally outperforming higher quality onein eight quarters, with down - in - quality subsectors in each unconventionally outperforming higher quality onein - quality subsectors in each unconventionally outperforming higher quality onein each unconventionally outperforming higher quality ones.

Bonds rated below investment grade may have speculative characteristics and present significant risks beyond those of other securities, including greater credit risk and price volatility in the secondary market.

Jeffrey Cucunato, head of BlackRock's U.S. investment grade credit team, discusses the applicability of a multi-asset approach in today's...

Within fixed income, we suggest raising average credit quality, particularly focusing on investments in areas like high - grade corporate and municipal bonds.

Our Global Market Strategies segment, established in 1999 with our first high yield fund, advises a group of 46 active funds that pursue investment opportunities across various types of credit, equities and alternative instruments, including bank loans, high yield debt, structured credit products, distressed debt, corporate mezzanine, energy mezzanine opportunities and long / short high - grade and high - yield credit instruments, emerging markets equities, and (with regards to certain macroeconomic strategies) currencies, commodities and interest rate products and their derivatives.

We see opportunities in dividend growth stocks, EM equities and debt as well as in investment - grade credit.

Such strategies involve investing predominantly in corporate credit, including senior secured and mezzanine loans and high yield, distressed and high grade debt securities, private equity controlled positions, real estate investment and investment in pools of non-performing loans in Europe and Asia.

A jump in sovereign yields could spark European credit market outflows, hurting richer investment grade bonds.

More broadly, he says that while corporate credit may benefit from aspects of tax reform (i.e., better earnings growth from the corporate tax cuts, modestly lower investment grade supply as repatriation becomes reality), he does not see tax cuts at this point in the cycle as a bullish driver of credit spreads.

In pursuance of the Union Budget 2018 announcement, the board also cleared a proposal on changing the investment grade rating from AA to A for corporate bonds, which would boost investment scope while ensuring credit quality.

Of course we would like to see AXL pay down its debt as quickly as possible, but cutting the company's debt in half would likely push AXL to be an investment grade credit and this appears achievable within roughly 3 years.

Plenty of investment - grade credit bonds suspended coupon payments in the Depression, transiting directly from A to D rating without even making a pit stop at a C junk rating.

Long Treasuries returned about 10 % in 2008, while nearly all other investment grade credit posted losses.

High yield bonds (bonds rated below investment grade) may have speculative characteristics and present significant risks beyond those of other securities, including greater credit risk, price volatility, and limited liquidity in the secondary market.

At its peak, Teck had more than $ 7 billion in debt outstanding, which caused its leverage ratio to rise, resulting in the company not only losing its investment - grade credit rating but getting downgraded deep into junk territory.

By contrast, high - quality bonds such as those found in investment - grade corporate funds like the iShares 1 - 3 Year Credit Bond ETF (CSJ A-89) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greatinvestment - grade corporate funds like the iShares 1 - 3 Year Credit Bond ETF (CSJ A-89) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greatInvestment Grade Corporate Bond ETF (LQD A-66), etc.), or in Treasury portfolios such as the iShares 1 - 3 Year Treasury Bond ETF (SHY A-97) or the iShares 10 - 20 Year Treasury Bond ETF (TLH B - 65), etc.) tend to buffer portfolio volatility to a much greater degree.

In 2015 Creditex expanded into serving the bond market, through the launch of ICE Credit Trade, a leading electronic platform for trading investment grade and high yield corporate bonds.

We like U.S. investment - grade credit, hard - currency EM debt, stocks in selected EMs and global quality and dividend growth stocks.

As to whether the stock market has put in a «real» bottom, Reynolds said he would like to see corroborating evidence of improving conditions, like the yield on the 10 - year U.S. Treasury note moving back up, and improvement in the investment - grade corporate credit market.

Dhruv Mallick joined Leith Wheeler in January 2015 as a credit analyst, focusing on both investment grade and high yield credit.

Bloomberg Gadfly's Lisa Abramowicz (follow her on twitter here) outlined in a recent piece The Credit Boom that Just Won't Die the insatiable demand for investment grade cCredit Boom that Just Won't Die the insatiable demand for investment grade creditcredit.

He joined Leith Wheeler from TD Bank in January 2009, where he'd spent the previous 10 years trading a proprietary bank portfolio of credit default swaps, investment grade and high yield bonds for TD in New York and London.

The robust growth in the Philippines is widely attributed to President Benigno Aquino III's economic reforms, favourable fiscal management and strict anti-corruption campaign which earned the country several rating upgrades by major credit rating agencies to investment grade last year and kicked off a remarkable inflow of foreign direct investment.

In all, IGIH provides the credit risk and return of investment - grade corporate bonds while aiming to screen out risk from rising rates.

[22] If the total amount of debt in the project is less than $ 75 million, then the applicant must obtain only one investment - grade rating on the senior obligations and one rating on the TIFIA credit instrument from a Credit Rating Acredit instrument from a Credit Rating ACredit Rating Agency.

[21] If the TIFIA credit assistance is the senior and / or the only debt in the project, then it must receive two investment grade ratings.

Second, the applicant must obtain two investment - grade ratings (Baa3 / BBB - or higher) on the senior debt obligations and two ratings on the TIFIA credit instrument, both from a Credit Rating Agency, in order to execute a TIFIA credit agrecredit instrument, both from a Credit Rating Agency, in order to execute a TIFIA credit agreCredit Rating Agency, in order to execute a TIFIA credit agrecredit agreement.

(B) SENIOR DEBT. - Notwithstanding subparagraph (A), in a case in which the Federal credit instrument is the senior debt, the Federal credit instrument shall be required to receive an investment grade rating from at least 2 rating agencies, unless the credit instrument is for an amount less than $ 75,000,000, in which case 1 rating agency opinion shall be sufficient.»

-» (A) IN GENERAL. - To be eligible for assistance under this chapter, a project shall satisfy applicable creditworthiness standards, which, at a minimum, shall include -» (i) a rate covenant, if applicable;» (ii) adequate coverage requirements to ensure repayment;» (iii) an investment grade rating from at least 2 rating agencies on debt senior to the Federal credit instrument; and» (iv) a rating from at least 2 rating agencies on the Federal credit instrument, subject to the condition that, with respect to clause (iii), if the total amount of the senior debt and the Federal credit instrument is less than $ 75,000,000, 1 rating agency opinion for each of the senior debt and Federal credit instrument shall be sufficient.»

In such a structure, the investment grade ratings for senior debt helps the DOT evaluate its credit risk as a subordinate lender.

[191] If the TIFIA credit instrument is proposed as the senior debt, then it must receive two investment grade ratings, unless the total amount of the debt is less than $ 75 million, in which case only one investment grade rating is required.

Until such time as a formal investment - grade rating is assigned, the Secretary shall not extend credit in an amount exceeding the estimated subsidy cost.

Notwithstanding subparagraph (A), in a case in which the Federal credit instrument is the senior debt, the Federal credit instrument shall be required to receive an investment grade rating from at least 2 rating agencies, unless the credit instrument is for a rural infrastructure project or intelligent transportation systems project, in which case 1 rating agency opinion shall be sufficient.

They have shown interest in funds that potentially provide some income or protection from inflation, and investment grade credit, emerging market debt and TIPS benefited from that.

In general, bonds are divided into two broad levels of credit quality — investment grade (IG) and high yield (HY).

In terms of credit profile, 67 % of the S&P / DB ORBIT Index is rated, and of which 55 % of them are investment grade rated.

On balance, I favor a neutral stance in high yield and a moderate underweight in investment - grade credit.

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.

Interest rates in these countries are at least 4 % higher than in the U.S. or Europe and the credit quality of most of these countries is investment grade, plus the holdings of the larger ETFs are so widely distributed that unless one had a major financial crisis, similar to the Asian crisis in 1995 or the financial meltdown in 2008, one's investment should weather most isolated storms.

Last, floating - rate loans are often most senior in corporate capital structures: important because floating - rate loans are often extended to companies with below investment - grade credit ratings.

Liquid and UST funds also hold an equally good credit quality (investment grade AA / AAA) in their portfolios.

And in this search for higher yields, we find investors are reaching deeper and deeper into lower - grade fixed - income products, which come with significant credit and interest rate risks,» says Som Seif, president and CEO of Purpose Investments, through a statement.

He is a member of the Multi-Sector team with a specialization in investment - grade credit.

Prior to joining Wellington Management in 2003, Joe was a senior portfolio manager and head of US Fixed Income at State Street Global Advisors, working on a wide range of fixed income portfolios, including those concentrating on total return, mortgage - backed securities, non-dollar bonds, and investment grade credit (1996 — 2003).

Calculating from those percentages and Fitch's total figure of $ 75 billion in 370 CDOs referencing investment - grade corporate credits, then Fitch - only deals would amount to $ 21 billion in notional value.