Web25 jun. 2024 · The share of BBB bonds that were downgraded to below an investment-grade rating has been on the rise since 2024. As of June 16, 2024, 5.2% of the S&P U.S. High Yield Corporate Bond Index came from the S&P U.S. Investment Grade Corporate Bond BBB Index as of the end of 2024, the highest since 2009 and 2016. Web1 jun. 2024 · The rating is just one notch from junk bond status. Plus, S&P has the bonds on negative credit watch, which means it could lower its rating again soon -- potentially …
BBB Bond Downgrades Added USD 88 Billion to the High-Yield Bond …
Web29 jun. 2024 · The state's comptroller has said the state is in "massive crisis mode." By Andrew Soergel Senior Writer, Economics June 29, 2024, at 5:33 p.m. 'Junk' Bond … Web2 jun. 2024 · Text. 178. Illinois is on the verge of becoming the first U.S. state with a junk-bond rating following downgrades from two of the world’s largest ratings firms. S&P Global Inc. warned that ... dark wave playlist
Illinois budget fight sinks credit rating - CNBC
Web3 jun. 2013 · In a news release, Fitch Ratings announced Monday it downgraded its rating on $27.5 billion in Illinois’ outstanding general obligation bonds from “A” down to “A … The downgrade of Illinois' IDR and GO bond ratings to 'BBB-' from 'BBB' reflects Fitch's anticipation of a fundamental weakening of the state's financial resilience given its already tenuous position entering the current severe downturn. While Illinois should avoid any immediate cash flow pressures, the … Meer weergeven GO bonds are general obligations, backed by the full faith and credit of the state of Illinois. State statutory mechanisms include an … Meer weergeven Revenue Framework: 'aa' Illinois' broad revenue base, primarily income and sales taxes, captures the diversity of its economy and … Meer weergeven Illinois benefits from a large, diverse economy centered on the Chicago metropolitan area, which is the nation's third largest and is a nationally important business and transportation center. Economic … Meer weergeven Factors that Could, Individually or Collectively, Lead to Positive Rating Action/Upgrade: Substantial Federal Intervention: Further timely and substantial federal action which offsets the likely deep economic and … Meer weergeven Web31 aug. 2012 · Consequently, declines in the State’s rating lead to an overall increase in debt service costs for Illinois. The downgrade from S&P comes as the State prepares to … bishop wire rope houston