At least 15 companies received revisions on high yield bond ratings during the week of January 18 – January 22, 2021. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to most of the companies, while some received positive outlooks.
The Consumer Discretionary sector saw the most revisions during this week, with Industrials not far behind.
Here is a snapshot of some revisions throughout the week:
NAI Entertainment Holdings LLC increased its equity in ViacomCBS. The equity increase helped to slow the company’s cash burn while theaters remain closed due to COVID-19.
S&P affirmed its B- issuer credit rating and removed the company from CreditWatch. The company is expected to have stronger borrowing op…