At least 19 companies received a revision on high yield bond ratings during the week of April 12-16, 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. Two companies received a positive outlook.
The Energy and Materials sectors saw the most activity during this week.
Source: S&P, Moody’s
Here is a snapshot of some revisions throughout the week:
Believed to have surpassed other airlines in operating performance, Allegiant Travel Co. received an improved credit rating, despite worldwide pandemic restraints.
S&P raised the airline’s issuer credit rating from B to B+. The company’s $545 million term loan and $150 million senior secure notes were a…