by bondevalue | May 19, 2021 | China, Investment Grade Bonds
Baidu reported a 25% rise in revenues to CNY 28.1bn ($4.3bn) YoY. Revenues from Baidu Core were CNY 20.5bn ($3.1bn), up 34% YoY, online marketing revenue was CNY 16.3bn ($2.5bn), up 27% YoY and non-marketing revenue was CNY 4.2bn ($646mn), up 70% YoY, driven by cloud...
by bondevalue | Apr 27, 2021 | High Yield Bonds
Tesla reported net income of $438mn, up 62% QoQ and significantly higher than $16mn in Q1 2020. Revenues came in at $10.39bn, up 74% YoY. Tesla saw $518mn in revenue from sales of regulatory credits and also a $101mn positive impact from the sale of bitcoin during the...
by bondevalue | Mar 26, 2021 | Credit Ratings, High Yield Bonds
Moody’s upgraded Tesla to Ba3 from B2 and changed the outlook to positive from stable. With this rating upgrade, Tesla is now three notches below investment grade. They also upgraded Tesla’s senior unsecured rating to B1 from B3. The broad parameters focused on...
