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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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Acquisitions Can Have An Impact On Credit Ratings |
Acquisition Risk Can Have An Impact On Ratings, Says S&P
NEW YORK Sept. 11, 2006--Virtually any company can become a takeover target, according to "Acquisition Risk And Its Effect On Ratings," published today by Standard & Poor's Ratings Services.
Because we recognize that the potential for an outside entity launching a takeover bid is so broad and cannot be predicted, our ratings do not focus on this risk; the potential for the acquisition of a rated company therefore is, treated as a random event," said Sol Samson, Managing Director, Corporate and Governments, for Standard & Poor's. (By contrast, the propensity for certain companies to take on risk and transform the existing financial profile can be very predictable.
But takeover activity has been very robust of late. Fixed-income investors increasingly are growing nervous about lending to companies--especially investment-grade companies--that may be transformed into weak credits in the wake of a buy-out. Typically, acquisition-related debt is placed on the company-and the new owners aggressively take on still more debt in order to extract cash.
Some recent bond issues have incorporated protective 'change-of-control' covenants in order to alleviate such concerns. Examples include: Cintas Corporation and Carlisle Cos. We expect use of such covenants will become more commonplace, if not standard.
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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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