It is believedby the author that undertheframeworkof the Newcorporate Law, the keynote of corporatecredithas moved fromstaticcapitalcredit to dynamiccapitalcredit.
Jody Lurie, corporate-credit analyst at broker-dealer Janney Capital Markets, said earlier Tuesday the Apple offering might price with lower relative yields than bonds from rival triple-A-rated Microsoft Corp.
Jody Lurie, corporatecredit analyst at broker-dealer Janney Capital Markets, said the Apple offering could be so popular it may end up with lower relative yields than rival, triple-A rated Microsoft Corp.
Continued pressure on its capital levels, however, because of its exposure to rising consumer credit costs, leveraged corporate loans, off-balance sheet conduits and structured products, will force him to seek new capital sooner rather than later.