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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
02/04/201615:45:00CORRECTING and REPLACING Rite Aid Announces Stockholder Adoption...
02/04/201609:15:00Rite Aid Announces Stockholder Adoption of the Merger Agreement...
02/02/201609:54:00Rite Aid’s RediClinic and Philadelphia-Based Aria Health Announce A...
02/01/201610:13:00Love is in the Air at Rite Aid
01/28/201609:30:00Rite Aid Offers wellness+ with Plenti Members Big Ways to Save...
01/28/201608:30:00Rite Aid Reports Same Store Sales for January
01/21/201617:06:18Current Report Filing (8-k)
01/19/201609:15:00Scott Maratea Joins Health Dialog as Senior Vice President of...
01/15/201609:00:00Rite Aid Foundation’s KidCents Program Donates $2 Million to T...
01/07/201616:44:29Current Report Filing (8-k)
01/07/201608:20:00Walgreens Profit Tops Views
01/04/201617:21:29Statement of Changes in Beneficial Ownership (4)
01/04/201617:16:16Statement of Changes in Beneficial Ownership (4)
01/04/201617:08:42Statement of Changes in Beneficial Ownership (4)
01/04/201617:01:45Statement of Changes in Beneficial Ownership (4)
01/04/201616:54:49Amended Statement of Beneficial Ownership (3/a)
01/04/201616:46:12Amended Statement of Beneficial Ownership (3/a)
01/04/201616:29:14Amended Statement of Changes in Beneficial Ownership (4/a)
01/04/201609:41:00Rite Aid Kicks Off 2016 By Offering Even More Ways to Save for...
12/31/201508:30:00Rite Aid Reports Same Store Sales for December

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