FLR No Traded CDS, Base Case iCDS 156bps, Negative Case iCDS 278bps, 2024 3.500% Bond YTW of 1.934%, iYTW of 1.864%, Ba1 Rating from Moodys, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need
Credit markets are accurately stating FLRs credit risk with a YTW of 1.934%, relative to an Intrinsic YTW of 1.864% and an Intrinsic CDS of 156bps. Meanwhile, Moodys is overstating the firms fundamental credit risk, with its non-investment grade speculative Ba1 credit rating two notches lower than Valens IG4 (Baa2) credit rating Incentives Dictate Behavior Read More The post FLR No Traded CDS, Base Case iCDS 156bps, Negative Case iCDS 278bps, 2024 3.500% Bond YTW of 1.934%, iYTW of 1.864%, Ba1 Rating from Moodys, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need appeared first on Valens Research .
FLR No Traded CDS, Base Case iCDS 156bps, Negative Case iCDS 278bps, 2024 3.500% Bond YTW of 1.934%, iYTW of 1.864%, Ba1 Rating from Moodys, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need
Credit markets are accurately stating FLRs credit risk with a YTW of 1.934%, relative to an Intrinsic YTW of 1.864% and an Intrinsic CDS of 156bps. Meanwhile, Moodys is overstating the firms fundamental credit risk, with its non-investment grade speculative Ba1 credit rating two notches lower than Valens IG4 (Baa2) credit rating Incentives Dictate Behavior Read More The post FLR No Traded CDS, Base Case iCDS 156bps, Negative Case iCDS 278bps, 2024 3.500% Bond YTW of 1.934%, iYTW of 1.864%, Ba1 Rating from Moodys, IG4 (equivalent to Baa2) Rating from Valens, Low Refinancing Need appeared first on Valens Research .