Speculative-grade issuers have to give a little more to get investors to buy new bond offerings.
Wedbush Securities lowers its price target on the electronic retailer's stock to $0 and declares that "the ship is sinking."
Covenant protections on highly leveraged loans continue to weaken, meaning lenders will be vulnerable if a borrower experiences financial distress.
The bankrupt city's CFO and CIO testify that Detroit's information systems infrastructure is "fundamentally broken."
A federal judge's ruling on a corporate bankruptcy case could have interesting implications for bondholders of distressed debt.
Though short-term borrowing peaked before the recession, some regulators feel the repo market is still especially vulnerable to financial stress.
As the casino giant tries to restructure $12.7 billion in debt, it levels a lawsuit at hedge funds that it claims want to force a default.
A Senate committee will review a GAO study expected to show that large U.S. banks are still perceived as having implicit government backing.
Following other specialty retailers, clothing chain Love Culture files for chapter 11.
Most new leveraged loans are covenant-lite and carry ratings well-below investment grade from Standard & Poor's.