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Credit Snapshots – November 2019

November 27, 2019 by Jonathan Rochford

Bite size updates on emerging market debt, US auto loans and Virgin Australia’s very junky debt raising.

Filed Under: Credit Tagged With: Credit Snapshots

Credit Snapshots – October 2019

October 31, 2019 by Jonathan Rochford

Bite size updates on leveraged loans, Greece’s non-performing loan securitisation and India’s bad debts.

Filed Under: Credit Tagged With: Credit Snapshots

BB’s are the new BBB’s

September 27, 2019 by Jonathan Rochford

Stock Market Trend Down

With the drop in overnight rates and credit spreads, credit investors are having to take far more risk to earn the same return

Filed Under: Credit Tagged With: Credit Investing, Credit Spreads, Investment-grade Ratings

Credit Snapshots – March 2019

March 26, 2019 by Jonathan Rochford

Credit Shapshots

Bite size updates on the RBA’s responsibility for bubbly house prices and Greece’s rating upgrade and bond issuance.

Filed Under: Credit Tagged With: Credit Snapshots, Greece Upgrade, Low Interest, RBA

Credit Snapshots – November 2018

November 29, 2018 by Jonathan Rochford

Credit Shapshots

Bite size updates on the Australian Business Securitisation Fund, securitisation downgrade risks, TLAC and Deutsche Bank

Filed Under: Credit Tagged With: ARPA, Deutsche Bank, Securitisation, TLAC

How a “Bear” Outperforms in a Rising Market

July 28, 2018 by Jonathan Rochford

How is it possible that a “bear” can position their portfolios for the likelihood of a credit downturn and continue to outperform?

Filed Under: Credit Tagged With: bear, credit downturn

Credit Snapshots – April 2018

April 28, 2018 by Jonathan Rochford

Credit Shapshots

Covenant Lite You know it’s late in the credit cycle when credit investors give away their key protections in return for just a little more yield. This acquiesce comes in different forms, including higher levels of leverage, longer dated debt, subordinated debt and weakened or eliminated covenants commonly referred to as “covenant lite”. This risk […]

Filed Under: Credit Tagged With: Anbang Bailout, Covenant Lite, Credit Snapshots, High Yield Defaults

Credit Snapshots – March 2018

April 1, 2018 by Jonathan Rochford

Credit Shapshots

Bite size updates on the Libor spike, Toy’s R Us, franking credit changes and the Banking Royal Commission

Filed Under: Credit Tagged With: Banking Royal Commission, Franking, Libor, Liquidation, U.S. Dollar

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