Bond credit rating
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Search complete. 240 mentions across 111 episodes found for "Bond credit rating".
Sep 12, 2026
R SivakumarGUEST
So give you an example like, you know, uh, private equity and private credit.
R SivakumarGUEST
Private credit, for example, uh, you're able to move away from the typical listed debt which mutual funds invest in, which is AAA and-
Govindraj EthirajHOST
Mm
R SivakumarGUEST
...
Aswath DamodaranHOST
I look at both components.
Aswath DamodaranHOST
I also look at returns on corporate bonds, both at the highest rating, AAA, and investment grade, BAA corporate bonds, going back in time.
Aswath DamodaranHOST
For real estate, it's tricky because you don't have indices like you do with financial assets.
Aswath DamodaranHOST
I used Robert Shiller's data on housing prices prior to 1986, and he has the data set going back almost a century.
ChrisAUDIENCE
Now, I believe their state debt's going to increase to $226 billion by 2029.
ChrisAUDIENCE
Now, the credit rating, I'm not sure that it's gone down from AAA to AA+, or AA+, to AA or AA-, But it's a lot more interest, so they'll have to...
ChrisAUDIENCE
And this is adding more insight.
ChrisAUDIENCE
If I've got this wrong and I've over-thought this, that's fine.
Abhishek GadreHOST
An audience question I got was regarding the debt-to-GDP ratio.
Abhishek GadreHOST
This is somebody who's a retiree who's really worried about the growing debt-to-GDP ratio and concerns regarding inflation and concerns regarding the credit quality of the U.S. Treasury itself being downgraded from like AAA to AA at some point.
Abhishek GadreHOST
I can't remember if it was S&P or was it Moody's or one of those companies.
Abhishek GadreHOST
Yeah, there were two
Mike CampbellHOST
And it's interesting because they all have high credit ratings.
Mike CampbellHOST
You know, Microsoft, I know, is AAA.
Rob LevyGUEST
Mm-hmm.
Rob LevyGUEST
They do.
Steve SedgwickHOST
I'll own some of the credit there.
Steve SedgwickHOST
Your point about the AAA ratings or the top level ratings as well, I think that's wishful thinking from a lot of these AI companies.
Steve SedgwickHOST
Clearly, they want the lower cost of financing.
Steve SedgwickHOST
They want to attract a greater pool of investors who want safer bond investments.
Edward DodsonGUEST
One would be bonds issued, special revenue bonds issued by cities, etc.
Edward DodsonGUEST
And then there's AAA corporate bonds.
Edward DodsonGUEST
So a lot more private money would become available for other levels of government and the private sector.
Edward DodsonGUEST
And that would also mean increased competition by investors for outlets for their money and probably pull down interest rates.
Monica DefendGUEST
Financing is really something to watch.
Monica DefendGUEST
We try to measure it by the moody spread, which is the difference between the BAA and the AAA.
Monica DefendGUEST
The concentration in particular on the AAA has been changing over time, so it might be misleading, but 43 basis point is really normality.
Monica DefendGUEST
In the past, when it was raising 75, 80 basis points, this was already flagging, flashing red.
Monica DefendGUEST
100 is a systemic crisis, but financing is something and hidden leverage is something that we will be watching.
John KerschnerGUEST
So if you invested five years ago, opened up your portfolio five years later, you're whatever you invested is going to be about the same, which I get, particularly when people compare to what most equity markets have done is not that fulfilling.
John KerschnerGUEST
But like Mike said, we have, for example, a floating rate AAA CLO ETF, and we can get into what that means.
John KerschnerGUEST
And that is actually averaged about 5% annualized over those five years.
John KerschnerGUEST
So vastly different return profiles without going down into credit or investing in something that would be really risky that some might not be comfortable with.
10 MINS LATER
Michael ContopoulosGUEST
And we can spend a whole, you know, probably 45 minutes talking about the virtues of fixed income ETFs, the myths, the realities, et cetera, which maybe we should touch on at some point.
Michael ContopoulosGUEST
But But, you know, the advent of fixed income ETFs have opened up possibilities to all sorts of investors that maybe in the past wouldn't have had access or at least not easy access or cheap access or liquid access to what's really has historically been institutional product.
Michael ContopoulosGUEST
John mentioned AAA CLOs.
Michael ContopoulosGUEST
Banks traditionally are the biggest buyers of AAA CLOs.
Irene BartonHOST
I love the fact that you referenced several of the things and really it is focused on those capital improvements if the SPLOST were not in place, Cobb County would have to issue bonds, which incur interest and would drive the overall cost of these projects higher.
Irene BartonHOST
So Cobb County has a AAA bond rating, something that no matter the county administration highlights and touts and so that feeds into that, that's an important part of that.
Irene BartonHOST
So work your way all the way down the ballot, voters.
Irene BartonHOST
There's a lot.
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