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How to evaluate corporate bond?
Evaluate the following Rite Aid (RAD) Corporate bond. What does it yield? What is it's Credit Spread above Government Bonds? What is it's Credit Rating and what does that mean? Rite Aid 7.7% 2027 Corporate Bond RAD 7.7 02/15/27 Corp Settings Yield and Spread Analysis 75.250/75.250 15.062/15.062 TRL1 @ 4/4/ No Notes 95) Buy 96 Sell D Yield & Spread 2 Graphs 3) Pricing 4 Description 5) Custom RAD 7.7 02/15/27 ( 767754AJ3 ) Description Spread 1249.78 bp vs 5yT 21 03/31/27 Issuer RITE AID CORP Price 74.683686 98-24+ 08:03:46 Coupon 7.7% FIXED, S/A, 30/360 Yield 15.265 Wst 2.767 S/A Maturity 02/15/2027 Wkout 02/15/2027 @ 100.00 Contributed Yld 33 Next Put N.A. Settle 04/08/22 04/07/228 Next Call N.A. Spread Quoted Amt Issd/Out 300,000.00 (M) / 237,386.00 (M) Spreads Yield Calculations Min Piece/Inc 1,000.00 / 1,000.00 11 G-Sprd 1249.9 Street Convention 15.265 Country/Region US Currency USD | 12) I-Sprd 1272.9 Equiv 1 /Yr 15.848 Mkt of Issue US DOMESTIC Sector Supermar.... 13) Basis 676.4 Mmkt (Act/360) Collateral SR UNSECURED TRACE Eligible Y 14 Z-Sprd 1270.8 True Yield 15.255 Moody's Caa2 (09/30/2021 ) 15) ASW 1061.8 Current Yield 10.310 S&P DCCC (07/15/2021 ) 16 OAS 1243.7 Fitch CCC (10/30/2019 ) Issued 12/20/1996 @99.716 Sprd at Issue 100 vs 1 634 08/15/26 Notes UNSEC'D. LONG 1ST CPN. TRSTE: 1ST TRUST OF NY-NA. FULLY REG'D FORM. Evaluate the following Rite Aid (RAD) Corporate bond. What does it yield? What is it's Credit Spread above Government Bonds? What is it's Credit Rating and what does that mean? Rite Aid 7.7% 2027 Corporate Bond RAD 7.7 02/15/27 Corp Settings Yield and Spread Analysis 75.250/75.250 15.062/15.062 TRL1 @ 4/4/ No Notes 95) Buy 96 Sell D Yield & Spread 2 Graphs 3) Pricing 4 Description 5) Custom RAD 7.7 02/15/27 ( 767754AJ3 ) Description Spread 1249.78 bp vs 5yT 21 03/31/27 Issuer RITE AID CORP Price 74.683686 98-24+ 08:03:46 Coupon 7.7% FIXED, S/A, 30/360 Yield 15.265 Wst 2.767 S/A Maturity 02/15/2027 Wkout 02/15/2027 @ 100.00 Contributed Yld 33 Next Put N.A. Settle 04/08/22 04/07/228 Next Call N.A. Spread Quoted Amt Issd/Out 300,000.00 (M) / 237,386.00 (M) Spreads Yield Calculations Min Piece/Inc 1,000.00 / 1,000.00 11 G-Sprd 1249.9 Street Convention 15.265 Country/Region US Currency USD | 12) I-Sprd 1272.9 Equiv 1 /Yr 15.848 Mkt of Issue US DOMESTIC Sector Supermar.... 13) Basis 676.4 Mmkt (Act/360) Collateral SR UNSECURED TRACE Eligible Y 14 Z-Sprd 1270.8 True Yield 15.255 Moody's Caa2 (09/30/2021 ) 15) ASW 1061.8 Current Yield 10.310 S&P DCCC (07/15/2021 ) 16 OAS 1243.7 Fitch CCC (10/30/2019 ) Issued 12/20/1996 @99.716 Sprd at Issue 100 vs 1 634 08/15/26 Notes UNSEC'D. LONG 1ST CPN. TRSTE: 1ST TRUST OF NY-NA. FULLY REG'D FORM
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