Asset sales will be an important factor going forward. Consensus has ~1.5x turns of deleveraging baked in over two years, with a stated aim of returning to IG. The rating should hold if that plays out, with an eventual return to IG achievable.
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Jake Sherman at Punchbowl News reports on X that House Speaker Mike Johnson (R-LA) is looking to extend the federal debt limit for the entirety of President-elect Donald Trump's term and will discuss options at a Republican conference meeting today.
SFIZ5 96.35/97.00cs x3 vs 95.60p x1, bought the cs for -2 in 10k total.