The Business Times
SUBSCRIBERS

Mere investment grade not good enough now

Bond market getting more discriminating amid fear of low growth

google-preferred-sourceAdd BT as a preferred source
Published Fri, Oct 23, 2015 · 09:50 PM

    New York

    NEWLY armed with an investment grade rating and looking to tap debt markets for the first time, the chief financial officer of retailer Fossil Group didn't like what he saw this past May.

    "We didn't think the economics reflected our investment grade rating," Dennis Secor said when asked on an August earnings call with analysts why Fossil pulled a potential bond offering.

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More