J.P. Morgan
June 17, 2026
Credit Calls
Daily UpdateRates CreditDerivativesEquitiesIndustrialsConsumer Staples
J.P. Morgan provides daily updates on corporate credit, highlighting upgrades for LUV and UAL credit ratings and noting record debt issuance fueled by AI and data center investments.
Key Takeaways
- 1.LUV credit upgraded from Underweight to Neutral; UAL unsecured credit ratings upgraded from Neutral to Overweight.
- 2.Total AI/Data Center-related debt issuance has exceeded $300 billion since November.
- 3.Credit derivatives volumes reached new multi-year highs with daily index volumes surpassing $200bn.
Table of Contents
- Feature
- Head of North America Credit Research and Strategy
- JBS USA LUX SA: 2026 Investor Day Takeaways, Balance Sheet Management Keeps us Bullish
- Strategy & Sector Commentary
- CD Player - 2026 Mid-Year Outlook: Market Themes and Relative Value Trade Ideas in the Credit Derivatives Market
- Curveball: HG Credit Curve Opportunities: The 5s10s spread curve nears 2m steeps while the 10s30s curve unchanged at flat levels
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Authors
Tarek Hamid
Securities
LUVUAL
Themes
AI Infrastructure FinancingAirline Industry ReratingCredit Derivative Market Dispersion
Regions
North AmericaEuropeUnited StatesAustralia