What is also remarkable is that the company was downgraded to a BBB-plus rating from an A-minus as a result of the added debt, meaning that this company was able raise a significant amount of capital at a premium price while being considered a lower-medium investment grade. This was just one example among a number of others that have been able to tap into the bond market at premiums over par though not being considered high investment grade.
These are promising developments, though by no means sure signs of relief, they do indicate that there is appetite in the market. It should be noted that these are striclty energy companies, which generate revenue from a commodity that has a price right now that is unanimously considered to be poised for significant appreciation, namely oil. But what is encouraging is that there are pockets of optimism brewing.