New High Yield Bond Ratings October 12

By moneymakersmentor Last updated Nov 4, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary sector saw the majority of downgrades during this week.

Source: S&P

Here is a snapshot of some downgrades throughout the week:

October 12

EPR Properties, a U.S. real estate investment trust, received a lower issuer credit rating due to weak tenant capacity and lack of rent collections. The credit rating was lowered from BBB- to BB+.

The company’s senior secured notes and credit facilities were also lowered to BB+. Additionally, its preferred stock was lowered to B+ from BB.