Research
What Does Moody’s Bad Outlook for 3 Key BDCs Mean for Private Credit?
Maybe not much. The business development company stock index has kept climbing, regardless.
Tag: Moody’s
Asset Allocation
Private Credit’s Rise: You Ain’t Seen Nothin’ Yet
Consulting firm Oliver Wyman predicts even greater use of this category of debt.
Why Private Credit Is So Darn Popular
Yields are high, and well-fixed institutions back them, but what happens in a recession?
Market Moves
Stock Market Slumps Amid S&P’s Bank Downgrades
Ratings drops affect Comerica and KeyCorp, following Moody’s negative actions on lenders two weeks ago.
What Could Derail Private Credit’s Momentum?
The popular investment may suffer from an economic dip and other changes in the financial scene, critics warn.
News
Federal Reserve Expected to Hike Rates Next Week, Despite Shaky Banks
A slight dip in inflation and new Washington safeguards for lenders seem to have reassured investors, for now.
News
Private Credit: Too Risky? Not for Asset Allocators
Moody’s takes a dim view of direct lending, but the asset’s safety record is pretty good.
Market Moves
Not So Junky: Speculative Bond Yields Near 4%
After dire predictions of disaster for high-yield paper, defaults never hit the painful levels forecast last spring.
Market Moves
Market Already Has Priced in Good 2021 Earnings, Says Moody’s
Profit forecasts are heady for next year, after 2020’s bust. But it won’t boost stocks much, John Lonski says.
During the Great Financial Crisis, Overly Optimistic Ratings Helped Kill the Market. Could It Be Happening Again?
An academic report found a major difference between ratings for tranches and their underlying securities that could indicate CLOs are riskier than investors think.
Risk
Attack of the Zombies: Potential Deadbeats Are Almost 20% of Companies, Says DB
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Risk
Credit Raters Get Slammed Once Again as Too Lenient
S&P and Moody’s take it heavy in an SEC hearing. A run-up to a replay of their 2008-09 vilification?
Asset Management Culture
NC State Pension Weathers Market Turmoil Well as Others Crumble
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Newsmakers
No Recession Before the 2020 Election, Goldman Chief Predicts
David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.
Asset Allocation
Tumbling 10-Year T-Note Yields Have Lower to Go, Moody’s Says
Now 1.51%, the research unit says it could slide to between 0.5% and 1% in a recession.