Hints and tips:
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Greater-than-expected COVID-19 resilience: For a turnaround story like Pandora, an event like COVID-19 could easily mean jeopardising management efforts....
...Rotork has the single largest exposure in our coverage (~50% v 60% in 2014 though)....
...Finally, VIX closed at 75 yesterday, the highest since Sep-08....
...If Debt/GDP is about 1 now (UK-US levels) you can run a primary deficit of (g-r) — where g is growth rate and r is real cost of borrowing — and keep Debt/GDP constant....
...…any of the events described in Section 4.7(a)(i) to (v) shall not be a Restructuring unless the Obligation in respect of any such events is a Multiple Holder Obligation....
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