Tuesday, January 26, 2010


Downgrade Risk at 15-Month Low, Greece Sells

The rise in corporate bond yields eased as Greece raised $11.3 billion and Standard & Poor’s said the number of companies and governments at risk of credit-rating downgrades fell to the lowest in 15 months.

Greece’s ministry of finance said it received 25 billion euros ($35 billion) of orders for 8 billion of five-year notes sold late yesterday in Athens. Adobe Systems Inc. raised $1.5 billion in its first bond offering at narrower yield spreads than initially expected. Vietnam sold $1 billion of 10-year notes yielding 6.95 percent, the low end of its proposed range. S&P said the number of global issuers poised for lower ratings fell to 804 this month from 824 in December and 936 a year ago...

Bloomberg: Downgrade Risk at 15-Month Low, Greece Sells

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