Corporate Borrowing & Debt

Congratulations to American Airlines for winning the 2026 Gold Alexander Hamilton Award in Technology Excellence!

The firm's bond funds are part of the creditor steering committee that organized to present a united front should Aston Martin need to discuss debt refinancing, while its money managers are in talks to help the carmaker raise fresh cash by moving assets out of the reach of existing lenders.

Bonds maturing in 2036 priced at a premium of 1.4 percentage points above Treasuries, higher than the average spread on other similarly rated debt.

The deal, priced on Monday, attracted as much as $85 billion of orders, or more than three times the size of the offering.

"Negative earnings are not typically associated with an investment-grade company, but nothing about this is typical. It sits in a category of its own."

"You have the government balance sheet that's deteriorated over time, and you have corporate balance sheets that, in a lot of cases, remain strong and stable."