Standard & Poor's Ratings Services has lifted Ford's credit rating to
investment-grade status on healthy sales in North America.
For this reason, most bond deals are given below
investment-grade ratings or are left non-rated.
Indeed, after 1981 the use of call options by
investment-grade firms decreases dramatically (see Crabbe (1991)), effectively nullifying the attempts of theorists in earlier decades to explain why nearly all bonds are callable.
For
investment-grade nonfinancial corporations, medium-term notes became a growing source of funds.
NEW YORK -- The role of covenants in indentures has become increasingly significant to bondholders, and particularly to
investment-grade bondholders, as some of those issuers could be likely buyout targets and where the risk of credit deterioration may be substantial, as discussed in Fitch's report.
Over 90% of the combined pool participants are of
investment-grade quality as exhibited by public
investment-grade ratings from one of the nationally recognized rating agencies.
NEW YORK -- Due mostly to lackluster rating performance at the
investment-grade level, at the end of September, the U.
Almost $3 billion of San Francisco
investment-grade properties have recently changed hands.
Of the four
investment-grade credit assessed loans in the pool at issuance, one loan paid in full in July 2004 and two (22%) remain
investment-grade.
Approximately 90% of the combined pool participants are of
investment-grade quality as exhibited by public
investment-grade ratings from one of the nationally recognized rating agencies.
As a result, an
investment-grade security supported by an eligible liquidity facility may, in fact, pose more risk than the risk commensurate with its rating because the potential loss to CP investors would occur when the security migrates to a non-investment grade rating and prior to the security's default.
In contrast, the
investment-grade component of the U.
