This note looks at how non payment by a company is not the only scenario that rating agencies consider a default
Given the recent fall in price, we are changing our recommendation on Eric Insurance's 10% notes due 2026. Our outlook rating remains.
With two high yield USD bonds available, Virgin is now looking to issue another into the AUD high yield market. Research has initiated coverage on its current USD bonds, recent half year results and company outlook
We initiate our coverage on Virgin Australia’s 8.5% notes due 2019 and 7.875% notes due 2021.
Key takeaway - spotlight on infrastructure sector
We have provided a report for Eric Insurance 3Q18 financial results and reiterate our recommendation on its 10% notes due 2026.
We have provided an update for Merredin Energy (Merredin) and reiterate our recommendation on its 2022 notes
We have provided an update on Merredin Energy and reiterate our recommendation and outlook on its 7.50% notes due 2022.
While the Adani Group’s proposed development of the Carmichael mine is controversial, FIIG Research views it as having no impact on the Adani Abbot Point Terminal (AAPT) bonds in the near term
Company research,Company updates
We initiate our coverage on AAPT's 4.45% notes due 2022, and reiterate our outlook and recommendation on AAPT's 6.10% notes due 2020