The Buttonwood Tree • 3rd March 2021

New High Yield Bond Ratings February 22 - February 26, 2021

At least 21 companies received a revision on high yield bond ratings during the week of February 22 - February 26, 2021. These revisions caused S&P Global Ratings and Moody's Investors Service to issue negative, watch negative, or stable outlooks to most of the companies. Three companies received a positive or watch positive outlook. The Industrials sector saw the most activity during this week. Here is a snapshot of some revisions throughout the week: All Day Acquisitions Co LLC, also known

The Buttonwood Tree • 24th February 2021

New High Yield Bond Ratings February 15 - February 19, 2021

At least 25 companies received a revision on high yield bond ratings during the week of February 15 - February 19, 2021. These revisions caused S&P Global Ratings and Moody's Investors Service to issue negative, watch negative, or stable outlooks to most of the companies. Two companies received a positive outlook. The Consumer Discretionary sector saw the most activity during this week. Here is a snapshot of some revisions throughout the week: Uber Technologies Inc., the San Francisco-based m

The Buttonwood Tree • 16th February 2021

New High Yield Bond Ratings February 8 - February 12, 2021

At least 30 companies received revisions on high yield bond ratings during the week of February 8 - February 12, 2021. These revisions caused S&P Global Ratings and Moody's Investors Service to issue a negative, watch negative, or stable outlooks to most of the companies. Two companies received a positive or watch positive outlook. The Energy sector saw the most activity during this week, with the Consumer Discretionary sector close behind. Here is a snapshot of some revisions throughout the w

The Buttonwood Tree • 8th February 2021

New High Yield Bond Ratings February 1 - February 5, 2021

At least 19 companies received revisions on high yield bond ratings during the week of February 1 - February 5, 2021. These revisions caused S&P Global Ratings to issue a negative, watch negative, or stable outlooks to all of the companies. Only one received a watch positive outlook. The Consumer Discretionary sector saw the most activity during this week, with the Materials sector close behind. Here is a snapshot of some revisions throughout the week: Belk Inc., a department store operator b

The Buttonwood Tree • 5th February 2021

New High Yield Bond Ratings January 25 - January 29, 2021

At least three companies received revisions on high yield bond ratings during the week of January 25 - January 29, 2021. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies, while one received a stable outlook. All three companies came from the Industrials sector during this week. Greif Inc., an Ohio-based manufacturing plant that focuses on industrial packaging and containers, had noticeable decline in its 2020 fiscal year due to COV

The Buttonwood Tree • 26th January 2021

New High Yield Bond Ratings January 18 - January 22, 2021

At least 15 companies received revisions on high yield bond ratings during the week of January 18 - January 22, 2021. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to most of the companies, while some received positive outlooks. The Consumer Discretionary sector saw the most revisions during this week, with Industrials not far behind. Here is a snapshot of some revisions throughout the week: NAI Entertainment Holdings LLC increased its equity in Viaco

The Buttonwood Tree • 29th December 2020

New High Yield Bond Ratings December 21 - December 25, 2020

At least 13 companies received revisions on high yield bond ratings during the week of December 21 – December 25, 2020. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to most of the companies, while some received positive outlooks. The Energy sector saw the most revisions during this week, with both Consumer Discretionary and Technology not far behind. Here is a snapshot of some revisions throughout the week: Paysafe Holdings (US) Corp. merged with Fol

The Buttonwood Tree • 23rd December 2020

New High Yield Bond Ratings December 14 - December 18, 2020

At least 13 companies received revisions on high yield bond ratings during the week of December 14 – December 18, 2020. These revisions caused S&P Global Ratings to issue a negative or watch negative outlook to most of the companies, while some received positive outlooks. The Consumer Discretionary sector led the number of revisions during this week, with Healthcare not far behind. Here is a snapshot of some revisions throughout the week: Vail Resorts Inc. was placed on CreditWatch due to pro

The Buttonwood Tree • 16th December 2020

New High Yield Bond Ratings December 7 - December 11, 2020

At least 20 companies received downgrades or revisions on high yield bond ratings during the week of December 7 – December 11, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary and Energy sectors led with the same number of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Shift4 Payments LLC, a payment processing company, received $600 million in senior unsec

The Buttonwood Tree • 7th December 2020

New High Yield Bond Ratings November 30 - December 4, 2020

At least seven companies received downgrades or revisions on high yield bond ratings during the week of November 30 – December 4, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary, Energy and Materials sectors all had the same number of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Kaiser Aluminum Corp., a specialty aluminum products producer based in Footh

The Buttonwood Tree • 1st December 2020

New High Yield Bond Ratings November 23 - November 27, 2020

At least 23 companies received downgrades or revisions on high yield bond ratings during the week of November 23 – November 27, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Energy sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Urban One, Inc., a U.S. content distributor representing Black America, received affirmation of its CCC issuer credit rating

The Buttonwood Tree • 23rd November 2020

New High Yield Bond Ratings November 16 - November 20, 2020

At least 20 companies received downgrades or revisions on high yield bond ratings during the week of November 16 – November 20, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Live Nation Entertainment Inc. is experiencing higher than normal leverage levels due to the worldwide pande

The Buttonwood Tree • 16th November 2020

New High Yield Bond Ratings November 9 - November 13, 2020

At least 13 companies received downgrades or revisions on high yield bond ratings during the week of November 9 – November 13, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: American Axle & Manufacturing Inc. increased profits in the third quarter by revising its cost structure and

The Buttonwood Tree • 10th November 2020

New High Yield Bond Ratings November 2 - November 6, 2020

At least 19 companies received downgrades or revisions on high yield bond ratings during the week of November 2 – November 6, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Energy sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Dave & Buster's Inc., the Dallas-based dining and entertainment venue, received $550 million in new senior secured notes. The

The Buttonwood Tree • 4th November 2020

New High Yield Bond Ratings October 26 - October 30, 2020

At least 24 companies received downgrades or revisions on high yield bond ratings during the week of October 26 – October 30, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Energy sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Immunomedics Inc. bought Gilead Sciences Inc., a U.S. pharmaceutical maker, for $21 billion. Considering the cash and debt the

The Buttonwood Tree • 28th October 2020

New High Yield Bond Ratings October 19 - October 23, 2020

At least 12 companies received downgrades or revisions on high yield bond ratings during the week of October 19 – October 23, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Industrials sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Dave & Buster's Inc, the Dallas-based dining and entertainment venue, is refinancing $500 million in senior secured notes

The Buttonwood Tree • 20th October 2020

New High Yield Bond Ratings October 12 - October 16, 2020

At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to all of the companies. The Consumer Discretionary sector saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: EPR Properties, a U.S. real estate investment trust, received a lower issuer credit rating due to weak tenant

The Buttonwood Tree • 13th October 2020

New High Yield Bond Ratings October 5 - October 9, 2020

At least 13 companies received downgrades or revisions on high yield bond ratings during the week of October 5 – October 9, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to the companies. Energy surpassed Consumer Discretionary and Industrials with the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Electro Rent Corporation, a testing and measurement rental provider, received downgrades. S&P lo

The Buttonwood Tree • 6th October 2020

New High Yield Bond Ratings September 28- October 2, 2020

At least 24 companies received downgrades or revisions on high yield bond ratings during the week of September 28 – October 2, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to the companies. Consumer Discretionary saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: Six Flags Theme Parks Inc. is experiencing a slow return in attendance due to COVID-19 travel restrictions. S&P lowered the co

The Buttonwood Tree • 28th September 2020

New High Yield Bond Ratings September 21- September 25, 2020

At least nine companies received downgrades or revisions on high yield bond ratings during the week of September 21 – September 25, 2020. These downgrades caused S&P Global Ratings to issue a negative or watch negative outlook to the companies. Consumer Discretionary saw the majority of downgrades during this week. Here is a snapshot of some downgrades throughout the week: The Pasha Group, a global logistics and transportation company located in San Rafael, CA, is encountering debt pressure st