No Junk Debt Is Too Risky: Thank You Fed [zero hedge]
Surgery Partners, Inc. (SGRY)
Last surgery partners, inc. earnings: 3/5 07:00 am
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US:NASDAQ Investor Relations:
ir.surgerypartners.com/investor-overview
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Source: zero hedge
No Junk Debt Is Too Risky: Thank You Fed Authored by Mike Shedlock via MishTalk, The Fed hasn’t even started buying corporate bonds. Yet the mere perception of Fed backing helps risky firms borrow anew. Please consider How Fed’s Bailout Changed Everything . This was no secret on Wall Street. Surgery Partners’s majority owner, the buyout firm Bain Capital, had loaded so much debt onto the company’s books that when it went to the market last year to refinance maturing bonds, investors demanded a 10% interest rate to compensate them for the risk. The debt was rated CCC -- eight levels below investment grade. So by late March, with the economic effects of the outbreak in full force, frantic investors braced for default, pushing the price of those bonds below 55 cents on the dollar. But then the Federal Reserve did something it had never done before. It pledged to buy risky corporate debt as part of its emergency financing package for the economy. The move was so aggressive and sparked a r
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SGRY
News
- Surgery Partners (NASDAQ:SGRY) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Assessing Surgery Partners (SGRY) Valuation Following Fed-Driven Investor Optimism and Recent Share Price Rebound [Yahoo! Finance]Yahoo! Finance
- Surgery Partners (NASDAQ:SGRY) had its price target lowered by analysts at JPMorgan Chase & Co. from $27.00 to $20.00. They now have a "neutral" rating on the stock.MarketBeat
- Surgery Partners (NASDAQ:SGRY) was given a new $18.00 price target on by analysts at Barclays PLC.MarketBeat
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Surgery Partners, Inc. - SGRYPR Newswire
SGRY
Earnings
- 11/10/25 - Beat
SGRY
Sec Filings
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- 11/14/25 - Form SCHEDULE
- SGRY's page on the SEC website