Hints and tips:
...Sure, a CCC-rated PIK bond looks better than a defaulted bond in your portfolio. But, as S&P puts it when explaining why U.S....
...Looks like S&P Ratings doesn’t find “attestations” especially convincing, either....
...Thanks for reading, Amanda What to watch at CERAWeek 2024 Next week, thousands of energy executives and leaders will arrive in Houston to attend the annual CERAWeek conference hosted by S&P Global, one...
...’ in Hanover China, EU, Japan, UK, US: S&P Global/Cips/HCOB/Caixin/Jibun Bank manufacturing PMI data UK, Nationwide house price survey US, Goldman Sachs president John Waldron speaks at the Bernstein...
...a free cooked meal. burberry.com; onsideyouthzones.org P is for Pink PonyRalph Lauren’s Pink Pony was set up in 2000 to ensure access to cancer treatment is available to everyone at an early stage....
...O Over-rule When an umpire reverses a call by a line judge, aka how umpires prove they’re awake. P Passing shots Things of beauty that have more or less killed off serve-and-volley tactics....
...In the UK, we have never had such a poor record, including abrupt U-turns, in macroeconomic management....
...Its balance sheet could do with a tidy-up: net debt in the past 12 months was more than $32bn, according to S&P Global Market Intelligence, almost three times that of competitor Valero Energy....
...So far this year the global tally of fallen angels stands at 24 companies according to S&P Global Ratings, while pending fallen angel angels — companies rated triple B with a negative outlook or on credit...
...National Express currently trades at 4.3x December 2022E P/E....
...Joydeep Mukherji at S&P Global Ratings told the Financial Times a sovereign downgrade depended on how Mexico’s debt and growth evolved. “It could be one or the other,” he said....
...This compares to the S&P 500’s YTD decline of 15% and a 19% decline below its all-time high on February 19th. Valuations have contracted in the past three weeks....
...This is based on a P/E of 14.5x 22E, set in line with IMI’s 5-year average P/E. The current P/E relative to the sector at a c30% discount is at the low end of the 30 year trading range....
...LFL sales at the core B&M format tend to have a disproportionate impact on sentiment, despite the usual lack of operational leverage in the model, and there is nothing to suggest that margins will be any...
...We value IAG at a P/B 2019 of 0.4x (as for AF-KLM / at a 20% discount to Lufthansa’s P/B multiple in the lows in 2009; IAG was formed in 2011)....
...With 24% of companies having reported, earnings growth for the S&P 500 is at -16%....
...We remain cautious and selective in our approach - European Banks are trading at 7.1x P/E, 0.6x TBV for 8.0% RoTE in our base case (U-shaped recovery with 3yr cumulative provisions of 188bps over 2020-22E...
...Looking ahead, we expect S&P 500 dividends will grow by 3% in 2021 and rise by 12% in 2022....
...All things must pass so shut up and give us your money, says Credit Suisse: S&P 500 to Rise 21% by Year-End 2020, Additional 15% in 2021 On Feb. 19, the S&P 500 hit an all-time high of 3386, and has fallen...
...The organic growth decline is similar to 2009 but we assume a more muted margin impact of 200 b.p’s vs 300 b.p.s’ – this reflects WPP has anticipated the slowdown & the likely availability of some Government...
...A firmer dollar has already hurt S&P 500 companies....
...The bank is now recommending investors go long S&P’s GSCI Agriculture & Livestock index thanks to evidence of a trade detente between the US and China....
...The Covid-19 vaccine(s) will prove a shot in the arm for both the UK economy and its peers....
...S&P Global Platts tried barring Iranians from one such event in London this week. The US data company quickly U-turned when it realised it had gone too far....
...One surprising consequence of the US sanctions cropped up at the S&P Global Platts conference in London: Iranians were initially barred from the event because of the organisers’ fears of breaching the new...
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