Walgreens’ junk bonds are among biggest decliners in the high-yield market - MarketWatch
Market Watch • 592 days
Low Materiality0/10
Information
Junk bonds issued by Walgreens Boots Alliance Inc. were among the biggest decliners in the high-yiel...
Original sourceAI Summary
WBA's junk bonds among top decliners in high-yield market trading at 27-year low. Bond market reaction linked to stock performance, leading to severe decline. Moody's rates WBA bonds Ba2, S&P rates BBB-minus, indicating crossover credit status. Underperform rating on bonds due to pricey valuation despite corrections. Company closing underperforming US stores, focusing on customer experience and profitability.
Market-Moving
- WBA's junk bonds among top decliners in high-yield market trading at 27-year low.
- Bond market reaction linked to stock performance, leading to severe decline.
- Moody's rates WBA bonds Ba2, S&P rates BBB-minus, indicating crossover credit status.
Key Facts
- WBA's junk bonds among top decliners in high-yield market trading at 27-year low.
- Bond market reaction linked to stock performance, leading to severe decline.
- Moody's rates WBA bonds Ba2, S&P rates BBB-minus, indicating crossover credit status.
- Underperform rating on bonds due to pricey valuation despite corrections.
- Company closing underperforming US stores, focusing on customer experience and profitability.