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- UID
- 223360
- 帖子
- 220
- 主题
- 60
- 注册时间
- 2011-7-11
- 最后登录
- 2014-8-2
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downgrade risk and spread risk
company holds bank debt, reset notes,and senior debt
S&P want to downgrade company, but current company bond price doesn't reflect downgrade risk, so do we have both downgrade risk and credit spread risk.
what's the difference between credit spread risk and downgrade risk, when downgrade,
credit spread widen, so we will definetly have credit spread risk if we have downgrade risk? |
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发表于 2011-7-13 16:52
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