Tag: S&P Global Ratings
The Book: HP prices US$1 billion in senior notes, prepares for...
HP Inc has priced US$1 billion aggregate principal in senior unsecured notes ahead of 25 April issuance.
Half the notes will be issued with 5.400%...
Origination: Mars issues US$26 billion to acquire Kellanova
Mars Inc has issued US$26 billion in senior notes in a private transaction to fund its acquisition of snacking company Kellanova, formerly Kellogg’s.
The offering...
Rules & Ratings: Italy in “strong position” to weather tariffs, S&P...
S&P Global Ratings has raised its unsolicited long-term foreign and local currency sovereign credit ratings for Italy to BBB+, with a stable outlook. Short-term...
Europe’s record IG credit issuance could boost electronic trading
January was a record month for investment grade bond issuance in Europe, with shorter-dated driving this activity. According to analyst firm CreditSights, shorter maturity...
S&P Global warns of great debt ‘reset’ as economics break down
The level of global debt is reaching crisis point, according to analysis from S&P Global Ratings, with debt issuance leading to lower levels of...
China focus: The outstanding debt of defaulters
Concern around issuer defaults in China is clearly based upon good evidence; our chart this week from S&P Global Ratings shows the annual growth...
A surfeit of bonds?
Henry I of England famously died from eating a surfeit of lampreys – a delicacy until consumed to excess. Central banks might want to...
Regulation & Market Structure: How the SEC and the Fed will...
Transparency and structure is coming to the US Treasury and credit markets.
The role of the Fed is changing and consequently the role of other...
S&P Global Ratings: European credit spreads still wide
In its latest ‘Europe Credit Markets Update’, S&P Global Ratings has painted a grim picture for European borrowers, notably in the high yield space,...
EM in ‘limbo’ provides trading and pricing challenges
Emerging market bond funds have seen outflows continue to slow significantly, with Morgan Stanley’s analysts estimating it at US$1.8 billion, equating to about 0.42%...
