Dan Wilchins

1 month ago | bloomberg.com | Dan Wilchins

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Oct 27, 2024 | thewealthadvisor.com | Caleb Mutua |Dan Wilchins

(Bloomberg) - On the surface, the corporate bond market has never looked more stable and liquid. In the US, the market recorded its busiest month ever for trading volume in September. But history suggests that the ability to trade smoothly is only there until you need it, and the International Monetary Fund warned this week that tight spreads are raising the risk of an abrupt repricing of credit.

Aug 16, 2024 | bloomberg.com | Dan Wilchins

S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth. Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statement. Investment-grade credit ratings can translate to lower borrowing costs for a company, because a wider array of investors are eligible to buy high-grade securities.

Aug 2, 2024 | bloomberg.com | Dan Wilchins

Shares of Arbor Realty Trust Inc., a lender to apartment buildings, gained more than 1% on Friday after the company posted quarterly results and disclosed more detail about transactions that a short-seller had said were improper. Viceroy Research in May published a report about Arbor accusing the lender of fraud, and pointing to an off-balance sheet entity funded by Arbor.

Jun 10, 2024 | asreport.americanbanker.com | Immanual John Milton |Dan Wilchins |Abhinav Ramnarayan

(Bloomberg) -- Banks are dumping assets and many of them are turning to a booming sector of the bond market to do so. The latest round of global capital rules, known as Basel III endgame, is expected to make a whole slew of loans more expensive for banks to hang onto. In response, the lenders are bundling more auto loans, equipment leases, and other kinds of debt into asset-backed securities.