Comapny A with a market cap of $announces a stocy buy back program of $5B. How will the CDS on Company A react?
My thoughts: Stock buy back with bring down the cash and equity--- leading to the a higher leverage ratio. So the CDS spread has to increase. any thoughts??
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
