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Bonds Junk Bonds

  • Elon Musk, Co-founder and CEO of Tesla

    Tesla's recent record cash burn does not seem to be scaring off bond buyers, Bloomberg reports.

  • DETROIT, Aug 7- Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The move to issue junk bonds- lower-quality investments that offer higher yields- represents a bet by Tesla Chief Executive Elon Musk...

  • DETROIT, Aug 7- Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker seeks fresh sources of cash to ramp up production of its new Model 3 sedan. The debt offering marks Tesla's debut in the junk-bond market and the company will start road-shows on Monday, IFR reported,...

  • DETROIT, Aug 7- Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever high-yield junk bond offering, as the U.S. luxury electric car maker ramps up the production of its new the Model 3 sedan. Elon Musk- led Tesla is counting on the Model 3, its least pricey car, to become a profitable, mass market manufacturer of electric cars.

  • ISTANBUL, July 21- Ratings agency Fitch on Friday maintained its "junk" rating on Turkey's sovereign debt, citing domestic political and regional risks as well as the impact of economic stimulus measures that could weaken the country's fiscal performance. While noting that economic stimulus measures have boosted growth this year, it said they would weigh on...

  • CHICAGO, July 20- Illinois avoided becoming the first U.S. state with a junk credit rating on Thursday after Moody's Investors Service kept the fiscally challenged state at the lowest investment grade level. The Democratic-controlled legislature enacted a $36 billion budget and $5 billion income tax increase on July 6 by overriding the vetoes of Republican...

  • CHICAGO, July 20- Illinois avoided becoming the first U.S. state with a junk credit rating on Thursday after Moody's Investors Service kept the state at the lowest investment grade level. The Democratic-controlled legislature enacted a $36 billion budget and $5 billion income tax increase on July 6 by overriding the vetoes of Republican Governor Bruce...

  • The group, whose credit rating was cut to junk by Standard& Poor's in March 2016, is under pressure to show it can revive profits in France while conditions in Brazil, its second biggest market, have been tough after a deep recession. That was above analysts' average forecast of 9.173 billion euros in a company-compiled consensus and helped by further signs of...

  • Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticised by U.S. activist fund Muddy Waters, is under pressure to show it can revive profits in France while conditions in Brazil stay tough. Casino, which controls Brazil's top retailer Grupo Pao de Acucar, said second-quarter group sales reached 9.277 billion euros,...

  • PARIS, July 13- French supermarket retailer Casino said sales growth accelerated slightly in the second quarter, reflecting an improvement at its Geant hypermarkets in France, and reported a resilient performance at its recession-hit Brazilian market. Casino, whose credit rating was cut to junk by Standard& Poor's in March 2016 and which has been criticised...

  • CHICAGO, July 12- Illinois avoided being saddled with a junk credit rating from S&P, which on Wednesday affirmed the state's BBB-minus rating, citing eased concerns over a possible liquidity crisis in the wake of last week's budget enactment. Besides affirming the lowest level investment grade rating for Illinois, S&P also gave the rating a stable outlook.

  • CHICAGO, July 12- Illinois avoided being tagged with a junk credit rating from S&P, which on Wednesday affirmed the state's BBB-minus rating, citing eased concerns over a possible liquidity crisis in the wake of last week's budget enactment. Besides affirming the lowest level investment grade rating for Illinois, S&P also gave the rating a stable outlook.

  • CHICAGO, July 10- A decision on whether Illinois becomes the first U.S. state whose bond ratings tip into junk was not imminent on Monday as credit rating agencies said they were still reviewing the state's newly enacted budget and tax package. Analysts at the three major rating agencies, which rate Illinois one or two notches above junk, declined to comment on the...

  • Why Illinois budget Armageddon will spread to other states

    Illinois finally passed a budget Thursday evening after a two-year impasse, but even with the big tax hikes in the measure, Illinois still may not avoid a debt downgrade to "junk" status.

  • CHICAGO, July 6- Illinois ended its historic budget drought on Thursday after the House of Representatives enacted the state's first complete spending plan since 2015 by overriding the governor's vetoes. But the $36 billion fiscal 2018 budget and $5 billion tax hike may not save Illinois from becoming the first-ever U.S. state with a junk credit rating.

  • CHICAGO, July 6- Illinois' first full-year budget since 2015 became law on Thursday after the House of Representatives overrode the governor's vetoes of a $36 billion fiscal 2018 spending plan and $5 billion tax hike. But the measures may not save Illinois from becoming the first-ever U.S. state with a junk credit rating. As the nation's fifth-largest state...

  • CHICAGO, July 5- Even if Illinois' House of Representatives takes action to enact a new budget on Thursday, the state still risks a downgrade in its credit rating to junk, Moody's Investors Service warned on Wednesday. The $36 billion fiscal 2018 budget and $5 billion income tax increase passed by lawmakers over the extended Fourth of July holiday weekend, may fall...

  • CHICAGO, July 5- A budget breakthrough over the holiday weekend boosted Illinois bond prices on Wednesday and the price lift was spreading to other municipal debt issuers in the state. Since fiscal 2018 began on Saturday, lawmakers passed a spending and revenue plan to avoid Illinois becoming the first-ever U.S. state whose credit is rated junk.

  • CHICAGO, July 4- In an action-packed Fourth of July holiday session, the Illinois Senate quickly overrode Governor Bruce Rauner's veto of fiscal 2018 spending and tax hike bills aimed at ending an unprecedented budget impasse that threatens to push the state's credit rating to junk. The Democratic-controlled Senate which gave final legislative approval to...

  • CHICAGO, July 4- In an action-packed Fourth of July holiday session, the Illinois Senate quickly overrode Governor Bruce Rauner's veto of fiscal 2018 spending and tax hike bills aimed at ending an unprecedented budget impasse that threatens to push the state's credit rating to junk. In his veto message, the Republican governor lashed out at lawmakers for...