New High Yield Bond Ratings: April 19 – 23, 2021

At least 27 companies received a revision on high yield bond ratings during the week of April 19 - 23, 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. One company 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 19

Magenta Buyer LLC, also known as McAfee Enterprise, received a B3 corporate family rating and a B3-PD probability of default rating. The company's two new credit facilities will be used to fund the McAfee purchase by private equity firm Symphony Technology Group.

Moody's assigned a positive outlook following...

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