Evan Mann
Evan Mann
actual baked bonds closer grade investment market ratings trade
A lot of times the bonds trade closer to investment grade before the actual ratings get there. The market has already baked it in.
below funds grade hold investment mutual paper pension people plans ratings
Some investment grade mutual funds and pension plans can't hold paper that's below investment grade. People that couldn't own it because of the ratings restriction now can look at it again.
attractive company fall potential short
Even if these improvements fall short of expectations, they will make the company more attractive to a potential buyer.