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Gimme Credit Recommends 10 High-Yield Companies

By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Visteon Corp. (VC), Advanced Micro Devices Inc. (AMD) and Rite Aid Corp. (RAD) are among 10 junk-bond issuers whose debt is likely to outperform the market over the next six months, according to corporate bond research firm Gimme Credit. The list includes companies ranging from clothing discounters to casino operators to construction-equipment manufacturers. "Every investor will have their own view of how to balance their portfolio, so we provide names with different characteristics," said Kim Noland, director of high-yield research at Gimme Credit. "We try to get a diverse representation." In addition to car-parts manufacturer Visteon, microchip maker Advanced Micro Devices and drugstore chain Rite Aid, the list includes the clothing retailer Burlington Coat Factory Warehouse Corp., casino operator Caesar's Entertainment Corp., hospital manager Community Health Systems Inc. (CYH), specialty chemicals maker Momentive Performance Materials Inc., aluminum products maker Novelis Inc., and two construction-equiment rental companies, RSC Holdings Inc. (RRR) and United Rentals Inc. (URI). "A welcoming high-yield market has permitted some less creditworthy companies to extend maturities, improving their credit profile," Noland said. "Other strong issuers have taken advantage of the relatively low cost of credit to oppportunistically refinance." So-called "junk" bonds have returned 4.98% to investors so far this year, according to a research report from Citigroup. Interest in new new deals is such that issuance touched a record in May. The low interest rate environment has made high yield bonds attractive, even though they are riskier. Three names on the latest list appeared in Gimme Credit's last report in April 2010: Momentive, Rite Aid and RSC Holdings. Gimme Credit, which is based in New York, said it plans to issue its next list in January 2012. -By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@dowjones.com

Stock News for Rite Aid (RAD)
DateTimeHeadline
09/29/201609:00:00DreamShip Hot Air Balloon, Designed by Children of America’s M...
09/27/201610:26:00Rite Aid Expands Naloxone Dispensing Program in Four Additional...
09/23/201603:03:00Business Watch -- WSJ
09/22/201608:50:00Rite Aid Same-Store Sales Fall Amid Generics Pressure
09/22/201607:10:10Current Report Filing (8-k)
09/22/201607:00:00Rite Aid Reports Fiscal 2017 Second Quarter Results
09/20/201616:23:33Statement of Changes in Beneficial Ownership (4)
09/14/201608:28:00Rite Aid to Release Second Quarter Results on September 22
09/12/201610:05:00Rite Aid Foundation’s KidCents Program Awards Nearly $2 Million t...
09/09/201603:02:00Walgreens To Divest Additional Stores -- WSJ
09/08/201610:20:00Walgreens to Divest Additional Stores
09/08/201610:09:00Walgreens to Divest Additional Stores for Pending Rite Aid Tie-up
09/01/201608:08:00On BizWireTV: Autonomous Security Robot Sees over 800 Potential...
08/29/201611:40:00Walgreens Forms Alliance With Prime Therapeutics
08/29/201610:10:00Rite Aid to Offer Naloxone Without Prescription in 13 States
08/26/201609:00:00Rite Aid Foundation Donates Additional $50,000 to American Red...
08/26/201608:08:00On BizWireTV: Big Name Brands Join Louisiana Relief Effort and...
08/23/201609:00:00Rite Aid’s RediClinic and Hackensack Meridian Health Form Joint V...
08/17/201613:33:00Rite Aid and EnvisionRx Collaborate to Improve Medication Adherence...
08/16/201609:10:00Flu Shots Now Available at Rite Aid

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