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| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
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| Bonds Online |
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| 5/10/2013Market Performance |
| Municipal Bonds |
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S&P National Bond Index
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3.00% |
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S&P California Bond Index
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2.96% |
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S&P New York Bond Index
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3.13% |
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S&P National 0-5 Year Municipal Bond Index
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0.70% |
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| S&P/BGCantor US Treasury Bond |
400.09 |
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| More |
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| Income Equities: |
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| Preferred Stocks |
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S&P U.S. Preferred Stock Index
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848.03 |
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S&P U.S. Preferred Stock Index (CAD)
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636.26 |
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S&P U.S. Preferred Stock Index (TR)
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1,701.05 |
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S&P U.S. Preferred Stock Index (TR) (CAD)
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1,276.26 |
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| REITs |
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S&P REIT Index
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174.07 |
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S&P REIT Index (TR)
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425.30 |
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| MLPs |
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S&P MLP Index
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2,469.58 |
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S&P MLP Index (TR)
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5,428.50 |
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See Data
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Kroger S&P Downgrades Rating to BBB- with Stable Outlook |
S&P Downgrades Rating to BBB with Stable OutlookJuly 1 - S&P Downgrades Rating to BBB with Stable Outlook
Difficult Operating Environment Pressures Credit Protection:
Increased business risk and insufficient progress in improving credit
metrics were factors cited by S&P in revising KR's senior unsecured to
BBB- from BBB while outlook was changed to Stable from Watch Negative.
KR has absorbed higher costs to offer competitive pricing to customers. Credit Metric Improvement Insufficient:
Although KR's LTM 1Q FY05 credit metrics improved from 2004, S&P
believes the improvement is not sufficient for the entrenched, more
challenging operating environment. S&P stated that the BBB- rating
accounts for anticipated credit ratio improvement.UBS Maintains a Deteriorating Credit Trend:
"Although KR's credit ratios have improved for LTM 1Q FY05, we maintain
our Deteriorating credit trend as we believe KR's use of 2/3 cash flow
for share repurchase and 1/3 for debt reduction constrains improvement
in credit ratios and limits alternative use of cash."We Revise Our Opinion to Market Perform from Underperform:
We revise our opinion to Market Perform from Underperform since KR bond
spreads move in line with BBB peers. We believe further spread movement
will be contained, but is likely to remain sensitive to rating actions,
industry developments, and earnings results."
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| Stuff to look at |
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S&P Commentary and Newsletters: S&P
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| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
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