Sökning: "Non-investment grade"

Visar resultat 1 - 5 av 7 uppsatser innehållade orden Non-investment grade.

  1. 1. Credit Default Swap Bond Basis Trading Opportunities in Times of Economic Uncertainty in European Financial Market

    Magister-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Annemarie Troeger; Anne-Mari Kaur; [2020]
    Nyckelord :CDS-bond spread; Basis Trading; Volatility triggered exit; economic uncertainty; Business and Economics;

    Sammanfattning : We investigated CDS-bond basis trading strategies during five different events, which possibly have caused market uncertainty on the European market. Those events include the peak of the Greek debt crisis (2015), Brexit announcement (2016), French presidential elections (2017), Tariffs on European Union (2018) and COVID-19 crisis (2020). LÄS MER

  3. 2. Credit Spread Changes in the Euro Area - An Empirical Study of the Relationship Between Interest Rates and Credit Spreads in the Euro-denominated Corporate Bond Market

    Kandidat-uppsats,

    Författare :Hampus Johansson; Rickard Rehnberg; [2017-07-07]
    Nyckelord :;

    Sammanfattning : The behaviour of credit spreads is of importance for a wide array of stakeholders. We test the relationship between changes in risk-free interest rates and credit spreads in European bond market by running OLS regressions using weekly European market data for investment grade and non-investment grade bond indices. LÄS MER

  4. 3. The Informational Value of Credit Rating Actions - The European Case of the Stock Market Reaction to Credit Rating Agencies' Announcements

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Författare :Magdalena Bator; Karolina Kropa; [2017]
    Nyckelord :credit rating change; watch; outlook; credit rating agency;

    Sammanfattning : The paper applies the event study methodology to investigate the impact of credit rating events including outlook, watch, and rating change announcements (rating events) on share prices in Europe. In general, statistically significant, however, weak market reaction to negative rating events is found. LÄS MER

  5. 4. Credit Spread Determinants : Significance of systematic and idiosyncratic variables

    Magister-uppsats, Högskolan i Jönköping/IHH, Företagsekonomi

    Författare :Svetozar Jargic; [2017]
    Nyckelord :Credit spread puzzle; systematic explanatory variables; idiosyncratic explanatory variables; structural models; credit spread; Eurobond market;

    Sammanfattning : Credit spread is the extra risk-reward that an investor is bearing for investing in corporate bonds instead of government bonds. Structural models, which are simple in their framework, fail to explain the occurring credit spread and underestimate the predicted credit spread. LÄS MER

  7. 5. Covenants in loan agreements—an analysis of practices within the Swedish high-yield bond sector

    Uppsats för yrkesexamina på avancerad nivå, Lunds universitet/Juridiska institutionen

    Författare :Fredrik Fors; [2013]
    Nyckelord :Avtalsrätt; associationsrätt; förmögenhetsrätt.; Law and Political Science;

    Sammanfattning : A high-yield bond is a financing option for a non-investment grade corporation, enabling it to raise funds on the capital market. In light of harsher conditions for senior financing, the development of a liquid high-yield market for bonds may prove a necessary way forward to ensure global competitiveness for Swedish small and medium-sized enterprises (“SMEs”) that typically relies heavily on bilateral- and syndicated bank loans. LÄS MER