Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

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"concordo ma non ci stò riuscendo" che cosa vuoi dire?......... mia opinione forse toppando è che a 40 o meno potremmo stare a livello recovery quindi vale la pena uscire ora?
vuol dire che si vende male otc ,sui 30 o giù di lì .sull'opportunità o meno di vendere ognuno fa le sue valutazioni,ancor più sulla quantificazione del recovery
 
Joe con Binck sì... io con Fineco ancora no. Ho chiesto spiegazioni e sto aspettando la risposta.[/QUOT
Joe con Binck sì... io con Fineco ancora no. Ho chiesto spiegazioni e sto aspettando la risposta.
Sono tornato a guardare un'altra volta: vedo la cedola acreditata il 24, ma niente consent fee. Se qualcuno di voi ne ricevete in questi giorni, vi sarò tanto gradito d'avvisare...
 
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JC Penney Upgraded (Rating B)

Standard & Poor's (S&P) ha migliorato mercoledì il giudizio su Jc Penney da CCC+ a B, lasciando la porta aperta a ulteriori rialzi del rating.L'agenzia di rating ha notato che il turnaround della catena di department store Usa è sostenibile e sembra permettere a Jc Penney di sostenere il pesante indebitamento. Jc Penney ha chiuso in declino dell'1,88% la seduta di mercoledì a Wall Street, ed era in progresso di oltre mezzo punto percentuale in after market.
 
JC Penney Upgraded (Rating B)

Standard & Poor's (S&P) ha migliorato mercoledì il giudizio su Jc Penney da CCC+ a B, lasciando la porta aperta a ulteriori rialzi del rating.L'agenzia di rating ha notato che il turnaround della catena di department store Usa è sostenibile e sembra permettere a Jc Penney di sostenere il pesante indebitamento. Jc Penney ha chiuso in declino dell'1,88% la seduta di mercoledì a Wall Street, ed era in progresso di oltre mezzo punto percentuale in after market.
moodys lo aveva già fatto a febbraio
 
Gol Linhas Aereas Inteligentes Downgraded To 'CCC-' From 'B-', Off Watch On Likely Debt Restructuring; Outlook Negative
  • 29-Mar-2016 00:05 BST
View Analyst Contact Information


  • We expect weak market conditions and heavy capital structure to force
    Brazilian airline GOL to restructure its debts, especially its senior
    unsecured bonds, as seen in the company's recent announcements of
    engagements with debt restructuring advisors.
  • We're lowering our global scale ratings on GOL to 'CCC-' from 'B-' and
    national scale ratings to 'brCCC-' from 'brB-'. We also removed all
    ratings from CreditWatch with negative implications where we placed them
    on Feb. 5, 2016.
  • The negative outlook reflects our view that there's a high likelihood
    that the company plans to renegotiate the terms of some of its debts or
    make an exchange offer in the next six months. We would consider the
    latter as distressed, and therefore, tantamount to a default.
SAO PAULO (Standard & Poor's) March 28, 2016--Standard & Poor's Ratings
Services lowered its global scale corporate credit rating on GOL Linhas Aereas
Inteligentes S.A. (GOL) to 'CCC-' from 'B-'. We also lowered our national
scale corporate credit rating on the company to 'brCCC-' from 'brB-'. In
addition, we removed all ratings from CreditWatch negative listing. The
outlook on the corporate credit ratings is negative.

We also lowered our issue-level rating on GOL's senior unsecured bonds to
'CCC-' from 'B-'. The recovery rating of '4', indicating our expectation of an
average recovery (30%-50%; the lower end of the range) for the unsecured debt,
remains unchanged.


GOL has announced today that it has engaged advisors to look for measures to
strengthen its capital structure. This announcement supports our view that due
to difficult market conditions, weak demand, weak domestic currency, and
intense competition that will result in subpar cash generation, GOL's capital
structure will become unsustainable. We believe that high interest expenses
and cash burn from operations will deplete the company's currently strong cash
position in the next 12 to 18 months. This scenario would increase the
likelihood that GOL will seek to de facto restructure its debts, especially
the most expensive senior unsecured debt within the next six months. Given the
company's inability to improve credit metrics on its own, it's highly likely
that we would consider the renegotiation of terms and conditions, or exchange
offers, as a distress negotiation, which would tantamount to a default.


The negative outlook reflects our expectations that the company will look to
renegotiate the terms of some of its debts in the next six months, and that
there's high likelihood we would consider those negotiations as distressed.
Furthermore, we will lower the company's ratings if it fails to meet any of
its scheduled financial obligations with banks, lessors, and/or bonds.


An upgrade is currently unlikely, given the weak fundamentals for the
company's operations and that a positive rating action would depend on
significant improvements in GOL's cash flows due to external factors, such a
capital increase or unexpected recovery in market conditions.
 
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