This pattern will be with us for as long as the Fed is pumping bond markets. SPGI and MCO can’t assume this kind of issuance will continue into 2021, but it most likely will and guidance will continue to be light. My 2c.
High yield issuance is the most expensive to rate (most revenue to Moody’s & S&P Global), so this is especially good news. 2H guidance is too low!
-
-
This Tweet is unavailable.
-
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.