CHICAGO -- Link to Fitch Ratings' Report: U.S. Leveraged Finance Market Quarterly: Second-Quarter 2011
U.S. Leveraged Loan MarketFitch 50 -- Structural Profiles of 50 Leveraged CreditsThe full report 'U.S. Leveraged Finance Quarterly' is available at www.fitchratings.com/sectors/Corporate Finance/Leveraged Finance.The solution: Custom shelving The elfa open storage system has a free design service so I was able to tell them exactly how much rail space I needed as well as how many shelves and - crucially - shoe racks. The system screws straight into the wall and is only 45cm deep but with floor-toceiling shelving it makes the most of the room's height.Most people understand how important it is to select a really good and comfortable mattress for your bed.Innerspring ones are are more easily found and they count on wire coils for firmness and durability. A wider coil means a firmer mattress. Foam mattresses, don't have coils, and are composed solely of foam. Now with the new memory foam that is very popular now these type of mattresses are becoming very popular for bunk beds.U.S. Leveraged Finance Multiple EV-aluatorThe challenge: Space A 10.5ft x 8.2ft (3.3m x 2.5m) room is a bit of a tight squeeze.The challenge: Storage I'm no Imelda Marcos but it's safe to say the existing wardrobe wasn't going to suffice.The better quality of the mattress, most of the time will be reflected with a higher price, but you should test out the bed by laying down on the bed yourself and have the children lay down on them alsoTop tipThe next step was to build up, not out. I installed Ikea wall shelves and rows of smaller shelves next to the bed to create a compact bedside table. I even found room for my telly - on the wall opposite the bed.Sector Spotlight: U.S. Homebuildinghttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=644590On the bedside shelves: (pictured below) Rochelle lamp, pounds 35, perfume bottles, pounds 18 for two, John Lewis; red alarm clock, pounds 10, Berry RedThe U.S. CLO market had a good first half of 2011. CLO performance continues to benefit from positive corporate credits trends, historically low defaults, a friendly refinancing environment, and low BWIC volume. Eight CLOs priced in the second quarter, totaling approximately $4 billion. Spread compression on new issue CLO liabilities has improved deal economics for equity investors. While the recent soft patch of economic data and proposed risk retention guidelines should have a limited impact on CLO formation today, risk retention, as presented, could undermine future CLO formation.Liquidity and Covenant Analysis for Large U.S. Leveraged IssuersFitch U.S. High Yield Default Insight - June 2011Just a note on the different types of mattresses you can getSTOCKISTS: Amazon (www.amazon.co.uk); Berry Red (www.berryred.co.uk, 01432 274805): Bhs (0845 196 0000, www.bhs.co.uk); Habitat (www.habitat.net, 0844 499 1111); John Lewis (www.johnlewis.com, 0845 604 9049); M&S (www.marksandspencer.com, 0845 302 1234); Myakka (www.myakka.co.uk, 0845 460 3122); Store Twenty One (www.storetwentyone.co.uk, 0844 884 4808); Tesco (www.tesco.com, 0800 505555)From this.. ..to thisHigh-yield bond issuance for the quarter totaled $72.9 billion, an increase of 91% versus the second quarter of 2010. Through the first six months, $146.4 billion of high-yield bonds has priced, making it the busiest first half on record. The month of May saw more than $37 billion price, surpassing the previous monthly record set in March 2010. However, heightened macroeconomic uncertainty in Europe and the U.S. caused yields to increase and high-yield issuance to slow in June.Macroeconomic housing statistics (new and existing home sales, single-family housing starts) have been weak since the beginning of the year. Fitch has lowered its housing projections for 2011 due to the economy growing more slowly than expected and disappointing spring housing season. High inventory supply levels and negative buying psychology also continue to hamper the sector.Main shot: Mallani mini corner bookcase pounds 179, Myakka; grey spot boxes pounds 16 for three, all John Lewis; black lantern pounds 4, Store Twenty One; ceiling light pounds 25, Bhshttp://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=636212Even though you can purchase bunk beds with mattresses, some bunk beds come without mattresses as people only want the frame.U.S. High-Yield Bond MarketU.S. High-Yield Default TrendsWHAT I USED: Kyoto bed pounds 469 and mattress pounds 199 (www.tauruspinebeds.co.uk, 020 7624 3024) Elfa storage system pounds 454, Store (www.aplaceforeverything.co.uk, 0870 224 2660) Ekby Jarpen shelves from pounds 8.16 and Ekby Bjarnum brackets from pounds 10.21 a pair, Kvartal pounds 10.20, Ano Stra panels pounds 9 each, (www.ikea.co.uk, 0845 355 1141) Shimila stripe fabric pounds 24/m, Murani cobalt blue fabric pounds 41/m (www.kaidistribution.co.uk, 01707 635258) Custom-made curtains pounds 119 (www.curtainsmadesimple.co.uk, 0845 862 0743) Light&Space matt paint in Frosted Dawn pounds 22.89 for 2.5L and Tailor Made Colour matt paint in Venetian Crystal pounds 21.69 for 2.5L (www.dulux.co.uk, 0844 481 7817) Vacuum storage bags pounds 10 for four (www.sainsburys.co.uk, 0800 636262) Hitachi L22DP04 Freeview TV, pounds 169.99 (01628 585770, www.hitachidigitalmedia.com)The solution: Work with it I chose a blue and white scheme, using light-reflecting paint to make the room appear brighter. I uncovered the fireplace and turned the chimney into a feature wall - the floor- to-ceiling blue stripe draws the eye up to create the illusion of space.There are mainly 2 mattresses to choose from: foam or innerspringWHAT I BOUGHTAdditional information is available at 'www.fitchratings.com'.If you haven't already purchased your bunk bed it just may be easier to not get everything in separate parts - frame and then mattress. If you're the type who likes to not make things more complicated then they have to be, get bunk beds with mattresses.
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