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Aston Martin is shopping for expensive junk

The maker of Aston Martin sports cars is considering raising cash from an expensive corner of the bond market. The hope must be that this is just one part of a more radical attempt to strengthen its finances — and not the last resort. Aston Martin Lagonda Global Holdings Plc is looking at issuing an unsecured […]

Ally Financial scores investment-grade rating

Ally Financial’s long-term default rating has reached investment-grade status after an upgrade by Fitch Ratings, thanks to a boost in profitability stemming from increased used-car originations. The upgrade is a plus for Ally since investment-grade paper is typically in higher demand by investors, Michael Taiano, senior director of the Financial Institutions Group at Fitch Ratings, […]

Scary Bonds From Last Crisis Were the Best Place to Hide in 2018

The securities that triggered the last financial meltdown are proving to be one of the best places to hide in this downturn. Bonds backed by loans like auto and credit-card debt have gained 1.6 percent this year through Monday, according to Bloomberg Barclays indexes. Some portions of the market for repackaged debt are doing even […]
  • Bloomberg News
  • December 27, 2018