At least 30 companies received revisions on high yield bond ratings during the week of February 8 – February 12, 2021. These revisions caused S&P Global Ratings and Moody’s Investors Service to issue a negative, watch negative, or stable outlooks to most of the companies. Two companies received a positive or watch positive outlook.
The Energy sector saw the most activity during this week, with the Consumer Discretionary sector close behind.
Here is a snapshot of some revisions throughout the week:
Enterprise Development Authority, a California-based company, received a ratings upgrade due to its increased EBITDA and low leverage.
The company also completed its refinancing project, replacing its $10 million revolver account and repaying it…