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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
05/26/201509:00:00The Rite Aid Foundationâs KidCents Program Donates $1.3 Million t...
05/21/201508:41:00Rite Aid to Present at the Citi Global Consumer Conference May...
05/20/201511:00:00Rite Aidâs Mike Podgurski Named 2015 Honorary President by t...
05/18/201511:08:00Rite Aid Launches Integrated Marketing Campaign to Introduce...
05/15/201516:11:19Additional Proxy Soliciting Materials (definitive) (defa14a)
05/15/201516:10:48Additional Proxy Soliciting Materials (definitive) (defa14a)
05/15/201516:06:00Proxy Statement (definitive) (def 14a)
05/06/201508:00:00Rite Aidâs RediClinic and MultiCare Health System Announce J...
05/04/201508:01:00Rite Aid to Deliver Even More Value to Customers through wellness...
05/02/201514:52:18Rite Aid's Hold Rating Reiterated at Jefferies Group (RAD)
04/30/201508:30:00Rite Aid Reports Same Store Sales for April
04/27/201516:34:34Current Report Filing (8-k)
04/27/201515:58:00Whooping Cough Vaccine Readily Available in 139 Washington State...
04/25/201509:01:02Rite Aidâs Incredible Turnaround: Beyond the Numbers
04/23/201515:59:23Annual Report (10-k)
04/21/201516:33:25Current Report Filing (8-k)
04/20/201509:28:00Steve Rempel Named Rite Aid Senior Vice President and Chief Information...
04/17/201515:41:14Statement of Changes in Beneficial Ownership (4)
04/14/201515:45:21Statement of Changes in Beneficial Ownership (4)
04/14/201515:09:13Statement of Changes in Beneficial Ownership (4)

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