Streetbeat News

Credit Ratings

GECC

Great Elm Capital Corp. (GECC) offers high-yield baby bonds with an 8.9% yield, appealing to high-yield seekers despite being a risky BDC. Its portfolio includes 24% equity and short-term treasuries, contributing to its credit score. GECC's leverage structure and debt/assets ratio align with industry norms.

Portfolio Pulse from

January 23, 2025 | 5:15 pm

SALRY

SalMar ASA has successfully issued NOK 4,350 million in new green bonds, rated BBB+/Stable by Nordic Credit Rating. The issuance is split into two tranches.

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January 23, 2025 | 3:00 pm

HYBB

HYBB invests in BB-rated corporate bonds, offering a 6.1% yield with moderate credit risk. However, there may be better investment opportunities available.

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January 23, 2025 | 10:30 am

CPSS

Consumer Portfolio Services, Inc. (Nasdaq: CPSS) has closed its first term securitization of 2025, valued at $442.4 million. This marks the company's 54th senior subordinate securitization since 2011 and the 37th consecutive securitization to receive a triple 'A' rating from at least two rating agencies on the senior class of notes.

Portfolio Pulse from

January 22, 2025 | 10:00 pm

RUN

KBRA has assigned preliminary ratings to notes issued by Sunrun Bacchus Issuer 2025-1, LLC, which are backed by a pool of solar leases and PPAs. This transaction involves Sunrun's residential solar PV systems, some with energy storage.

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January 22, 2025 | 9:30 pm

AL

KBRA has assigned a K1 short-term debt rating to Air Lease Corporation's $2 billion Unsecured Commercial Paper Notes Program, reflecting the company's strong liquidity and funding profiles.

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January 21, 2025 | 11:15 pm

ACT

Enact Holdings, Inc. (Nasdaq: ACT) received a ratings upgrade from Fitch Ratings, improving the insurance financial strength rating of its subsidiary, Enact Mortgage Insurance Corporation, from A- to A.

Portfolio Pulse from

January 21, 2025 | 9:30 pm

PAAA

PAAA is a new ETF focused on AAA-rated CLOs, offering a 5.9% yield with zero default rates. Despite potential Fed rate cuts, its yield is expected to remain competitive, trading at a 1.0% - 1.5% spread to t-bill rates.

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January 18, 2025 | 7:15 am

IGT

International Game Technology PLC (IGT) has maintained its highest MSCI ESG rating of AAA for the second consecutive year, highlighting its leadership in sustainability and effective management of ESG-related risks and opportunities.

Portfolio Pulse from

January 16, 2025 | 12:00 pm