Sentences with phrase «more junk debt»

There are many more junk debt buyers in the industry though.

Most junk closed - end funds are at a premium, which means that there is an incentive to sell more junk debt.

Not exact matches

The Medicis deal, financed through debt, has bumped the company's debt level to more than $ 7 billion, or a 4.2 debt ratio, forcing Moody's to put Valeant's debt — already in junk bond territory — under review for a downgrade.

But more debt could prompt a ratings downgrade to junk levels, raising the cost of borrowing, not to mention making the whole enterprise riskier if programming revenue does surprisingly start to fall.

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.

One red flag for lenders is that the volume of energy debt rated CCC or below — the weakest ratings among junk bond issuers — has more than doubled to $ 62 billion from a year ago, Fitch said in a June 12 report.

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.

«Nicola Sturgeon has offered to make Ed Miliband prime minister if he meets her shopping list of more debt, unlimited welfare and junking our nuclear deterrent.

Venditto's reputation in Oyster Bay suffered as the town's once enviable finances deteriorated as debt more than doubled to more than $ 729 million over the past decade and Standard & Poor's downgraded Oyster Bay's credit rating to junk status.

Talk of a move to re-establish state fiscal oversight of the city's schools has circulated since the summer and comes as bond ratings agencies have dropped CPS» debt deeper into junk status in advance of district plans to add more than $ 850 million to its overall debt load.

The company issued junk debt earlier this year at 5.35 %, issues which still yield more than 300 basis points more than comparable U.S. Treasuries.

Like 2005 - 2007, the credit ratings for the junk being issued are more weighted to single - B and CCC debt, rather than BB debt.

Anything below — Cs and Ds — is considered junk or, more politely, high - yield debt.

Underwriting volume this year for high - yield securities, known widely on Wall Street as junk debt, has sunk at firms such as Merrill Lynch, Citigroup, Lehman Brothers and JPMorgan Chase, adding more salt to the wounds already inflicted by massive losses on souring mortgage securities.

When junk grade default rates move up, it is typically for three years or so, and in this case, we have more low - rated debt as a percentage of the market than at any time in the past.

The actual downgrade to junk status usually drives more selling pressure, particularly from funds that are restricted to holding investment - grade debt exclusively.

In this New York Times feature article, here is an in - depth look at just how sleazy credit card debt junk debt... [Read more...]

Our office has defended more consumers against junk debt buyers then any other law firm in Arizona.