Money Makers Mentor

New High Yield Bond Ratings: March 8

At least 25 companies received a revision on high yield bond ratings during the week of March 8-12, 2021. These revisions caused S&P Global Ratings and Moody’s Investors Service to issue negative, watch negative, or stable outlooks to most of the companies. One company received a positive outlook.

The Consumer Discretionary sector saw the most activity during this week.

Source: S&P, Moody’s

Here is a snapshot of some revisions throughout the week:

March 8

Crocs Inc., the Colorado-based footwear company, is offering $300 million in unsecured notes in order to repay its $180 million debt, as well as to cover general expenses.

S&P assigned a BB- issuer credit rating due to the company’s reliance on a single brand and lack of product diversity. It is believed t…

Leave A Reply

Your email address will not be published.