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  • BOSTON, Feb 19- U.S. ratings agency Standard& Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status because the portfolio had suffered heavy losses in the last few months. The news hurt shares of Icahn Enterprises, which were down 5.7 percent in afternoon trading at $51.73.

  • DUBAI, Feb 18- Bahrain's government cancelled a $750 million bond sale on Thursday after Standard& Poor's downgraded its rating of the kingdom's debt to junk status, underlining the financial pressures on Gulf states in an era of cheap oil prices. Late on Tuesday, Bahrain launched a $750 million, two-part bond sale at the tighter end of its pricing guidance,...

  • JOHANNESBURG, Feb 18- South African Finance Minister Pravin Gordhan must juggle the conflicting demands of voters and credit rating agencies next week in his first budget since he returned to the post, charged with restoring confidence in the nation's economic management. With South Africa threatened by ratings downgrades to "junk" status, presenting the...

  • BRASILIA, Feb 17- Standard& Poor's downgraded Brazil's credit rating deeper into junk territory on Wednesday, citing its failure to curb its fiscal deficit, in a surprise blow to President Dilma Rousseff`s bid to haul the economy out of its worst recession in decades. S&P cut Brazil's sovereign credit rating to BB from BB+ with a negative outlook, just five months...

  • BRASILIA, Feb 17- Standard& Poor's downgraded Brazil's credit rating deeper into junk territory on Wednesday, highlighting the challenges facing President Dilma Rousseff, who is trying to regain investors' trust and pull Latin America's largest economy out of recession. S&P cut Brazil's sovereign credit rating to BB from BB+ with a negative outlook, just five...

  • NEW YORK, Feb 17- A top portfolio manager at BlackRock Inc said his fund recently added exposure to European junk bonds, adding that "widespread pessimism" in markets has created new investment opportunities. The European high-yield market has grown attractive in part because of its limited exposure to volatile energy companies, according to Michael...

  • BLACKROCK MULTI-ASSET FUND MANAGER MICHAEL FREDERICKS SAYS RECENTLY ADDED EXPOSURE TO EUROPEAN HIGH-YIELD BONDS.

  • John Pauslon

    John Paulson is in the final stages of readying a new fund to tap the next big distressed debt play, sources tell CNBC.

  • WASHINGTON, Feb 10- Dozens of large U.S. hedge funds are more highly leveraged than the Third Avenue junk-bond mutual fund that collapsed last year, the federal office monitoring the financial system said on Wednesday. The Office of Financial Research analyzed quarterly reports that advisers for hedge funds with at least $500 million in assets under...

  • NEW YORK, Feb 8- Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, repeated a December warning on Monday that the dramatic slowdown in global growth will trigger a collapse in some credit funds, saying that the high-yield "junk" bond market still has not hit bottom. The VIX, known as Wall Street's fear gauge, has not touched 40 since late...

  • U.S.-BASED CORPORATE HIGH-YIELD BOND FUNDS POST $41 MLN OUTFLOW OVER WEEKLY PERIOD, REVERSING INFLOWS OF $883 MLN PREVIOUS WEEK- LIPPER.

  • CHICAGO, Feb 3- Chicago's troubled public school system on Wednesday had to slash the size of one of the biggest "junk" bond offerings the municipal market has seen in years and agree to pay interest costs rivaling Puerto Rico's in order to lure investors into the deal. The Chicago Board of Education managed to sell only $725 million of an originally planned $795.5...

  • BOSTON, Feb 2- Executives at U.S. asset manager Affiliated Managers Group Inc on Tuesday sought to downplay the impact of the recent collapse of one its junk bond funds, but jittery investors continued to unload the company's stock. The withdrawals accelerated after the Third Avenue Focused Credit Fund collapsed in early December. AMG executives don't see any...

  • BOSTON, Feb 2- Affiliated Managers Group Inc said on Tuesday that net withdrawals at its majority-owned Third Avenue Management affiliate have moderated since the December collapse of the latter's junk bond fund. Third Avenue only accounts for about 1 percent of AMG's earnings, AMG executives said on a conference call with analysts and investors.

  • Robert Tipp, chief investment strategist at Prudential Fixed Income.

    5 & 4 star plays from Pru's bond king

  • U.S.-BASED HIGH-YIELD BOND FUNDS ATTRACT $883 MLN OVER WEEKLY PERIOD, AFTER THREE STRAIGHT WEEKS OF WITHDRAWALS- LIPPER.

  • *Economists expect Iran to borrow internationally this year. LONDON, Jan 28- Low oil prices and the economic and geopolitical scars of years of international sanctions all point to a high risk' junk' credit rating for Iran when it starts feeling its way back into borrowing markets. "We had Iran at B2 but a lot has changed since then, including our methodology, said...

  • CHICAGO, Jan 27- The Chicago Public Schools postponed Wednesday's planned $875 million bond sale that became tainted by bankruptcy talk for the financially ailing district. Carole Brown, the city of Chicago's chief financial officer, said the delay will give investors more time to evaluate the district's credit and the structure and terms of the "junk"- rated...

  • Bull and bear statues outside Frankfurt's stock exchange in Frankfurt, Germany.

    Where to put money to work in a volatile market

  • Appaloosa recently opened a small office on Washington Avenue in the heart of South Beach, the Miami area's flagship vacation destination, according to public securities filings made this month and to people familiar with the situation. Tepper, 58, a former Goldman Sachs junk bond trader who is worth an estimated $11.6 billion according to Forbes magazine,...