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Credit

RCD

Ready Capital Corporation's 9.00% Senior Notes due 2029 are considered high-risk due to poor management and significant equity value destruction. Despite a 9% coupon, the high duration and default risk make it an unfavorable investment. The company's common equity has dropped over 20% year-to-date, and a class action suit raises further concerns.

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March 11, 2025 | 1:30 pm

SHFS

Safe Harbor Financial's new CEO, Terry Mendez, announced a successful debt modification agreement with PCCU and an upcoming special shareholder meeting on March 13. This development could impact the company's financial stability and investor confidence.

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March 11, 2025 | 12:45 pm

LUMN

Lumen Technologies is undergoing a successful transformation, securing $8.5 billion in deals and partnering with OneVizion. Despite a 25% share price drop, Lumen's fundamentals are improving, with a 43% upside potential. Key developments include a $1 billion cost savings plan, credit rating upgrade, and debt restructuring.

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March 11, 2025 | 12:45 pm

AWH

Aspira Women's Health Inc. has completed a $1.37 million private placement of Senior Secured Convertible Promissory Notes due in 2030. The notes will accrue interest quarterly at a rate of 3.34%.

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March 11, 2025 | 12:15 pm

JAAA

JAAA offers the best risk-adjusted yield in the market due to its AAA-rated CLOs, providing lower volatility and reduced risk amidst tight credit spreads.

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March 11, 2025 | 11:30 am

BIT

BlackRock Multi-Sector Income Trust (BIT) offers a high yield of 10.13%, but its real after-tax yield is less impressive. The fund's heavy investment in mortgages, which are facing delinquency issues, and a high leverage ratio of 36.25% increase its risk profile.

Portfolio Pulse from

March 11, 2025 | 11:30 am

BLX

Bladex's loan book is growing, but margin compression due to lower rates and higher liquidity is impacting net interest margins. The uncertain LatAm macroeconomic environment, US/Mexico tariffs, and commodity price weakness pose risks. Despite strong risk management, Bladex's valuation is less attractive, leading to a downgrade from Buy to Hold.

Portfolio Pulse from

March 11, 2025 | 11:15 am

DOW

Dow Inc. announced early results of its cash tender offer to purchase certain debt securities of its subsidiaries, including Rohm and Haas and Union Carbide Corporation.

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March 11, 2025 | 11:15 am

FNB

F.N.B. Corp. is upgraded to a 'Buy' despite high risks due to tariffs. Loan growth estimates for 2025 are reduced due to tariff-related uncertainties affecting commercial loan demand. Security portfolio repositioning may lift margins, but borrowing rollovers and potential Fed rate cuts could hurt them. The stock is currently undervalued with a target price suggesting an 11% upside.

Portfolio Pulse from

March 11, 2025 | 10:30 am

MRCC

Monroe Capital LLC has arranged a senior credit facility to support the growth of a360inc and ProVest, LLC, with backing from Morgan Stanley Investment Management, Knox Capital, and Nonantum Capital Partners.

Portfolio Pulse from

March 11, 2025 | 10:15 am