New High Yield Bond Ratings: April 5 – 9, 2021

At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 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. Five companies received a positive outlook.

The Consumer Discretionary sector saw the most activity during this week.

Source: S&P, Moody's

Here is a snapshot of some revisions throughout the week:

April 7

Carlson Travel Inc., a corporate travel management company, continued to lose cash-flow momentum despite its efforts to lower management costs.

S&P expects the company will not be able to meet minimum liquidity and EBITDA promises on its current revolving credit.

A CCC issuer credit rating was desig...

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