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Expedia Flies To An Investment Grade Rating

June 16, 2016 by · Leave a Comment 

We rate the company six notches higher as an upper medium investment grade credit, given their strong cash profile, robust Adjusted ROA profile, and sizable market capitalization. Cash bond markets are also overstating credit risk with a cash bond YTW of 4.342%, relative to our Intrinsic YTW of 3.092%.

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Expedia Flies To An Investment Grade Rating

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