Barcap recommends dislocated trible-Bs
Barclays Capital analysts posit that credit investors will see alpha generation from positioning into dislocated triple-B credits.

Boyd looks a better bet than MGM, says Citi
Citi recommends buying protection on MGM Mirage against going long smaller casino operator Boyd Gaming

Lower tier-two back in safe haven, says UniCredit
UniCredit points out opportunities in the lower tier-two market for buy and hold investors, arguing that lower tier-two is back in the safe-haven status.

UniCredit maintains buy recommendation on Heidelberg 2012 bond
UniCredit maintains its buy recommendation on HeidelbergCement’s 2012 bond based on expectations that its operating performance will improve.

Schroders/British Land fund fails to restructure debt
The Financial Times reports today that specialist retail warehouse fund Hercules Unit Trust has been unable to restructure its secuitised debt facility.

Barcap goes bullish on Rio Tinto bonds
In its most recent Credit alpha report, Barclays Capital recommends buying Rio Tinto bonds relative to those of BHP Billiton, its iron ore joint venture partner

Switch from Sanofi to Roche, recommends UniCredit
UniCredit recommends a cash bond trade today in its research.

UniCredit picks favourite European auto bonds
UniCredit analysts pick their favourites in the European automotive sector.

Automotive supplier misses interest payment
Automotive supplier misses interest payment.

Investors are mispricing floating rate trups, says Barclays Capital
Barclays Capital says that floating rate trups are cheap compared to  fixed-rate hybrids from the same issuers.

UniCredit holds Vivendi marketweight recommendation
UniCredit maintains its marketweight recommendation for French media group Vivendi.

BNP Paribas holds sell recommendation on Finnish paper company
BNP Paribas maintains its sell recommendation on Finnish pulp and paper company UPM-Kymmene.

Avoid stressed debt and focus on single-B, says Barcap
Barcap’s 8 May research points to clues in how the impending loan maturity wall in 2012-2014 will be dealt with.

Homebuilder raises capital after debt amendment
Following amendments to its debt facilities last month, homebuilder Taylor Wimpey announced today that it will be raising capital by selling ordinary shares at a discount.

Put a negative basis trade on GSK, says UniCredit
UniCredit recommends a negative basis trade on GlaxoSmithKline as a relative value trading idea today

UniCredit recommends auto bonds switch
UniCredit's relative value trading idea recommends taking profits from auto bonds that have the lowest 60-day Z-scores in the sector.

Station Casinos extends forebearance period
Station Casinos obtained an amendment to its forbearance agreement from some of its senior and subordinated noteholders.

Goldman Sachs recommends Euro bond basket
In recent research, Goldman Sachs credit strategists recommend buying a basket of European corporate bonds.