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Transcript: 2018 IG & Crossover Conf-Basics Panel

Transcript: 11 Dec 2018, 5:51 AM ET - We present a transcript of the Basic Industries Panel discussion given at the CreditSights Investment Grade & Crossover conference on December 4, 2018.

US Strategy: Tariffs as Repricing Event?

Strategy Analysis: 01 Mar 2018, 9:40 PM ET - The market has been building in very low odds of a trade war event, a NAFTA withdrawal, or a significant escalation of tit-for-tat trade retaliations on a broader scale.  The odds-makers just got a fresh load of input.

Multi-Industrials: 2Q Review, Event Risk & More

Sector Analysis: 21 Aug 2017, 10:17 PM ET - In this report we broadly review earnings trends for nearly two dozen industrial credits, discuss companies with elevated event risk and also highlight new issuance candidates.

US Strategy: Import Tax Pain Ahead?

Strategy Analysis: 03 Jan 2017, 11:03 PM ET - We look at some risks of corporate tax proposals tied to "border adjustments" (i.e. import taxes). Economist advocates make major assumptions on currencies and ignore the wildcard of "behavior" and potential responses to the policies.

CreditSights 12th Annual European Conference

Announcement: 29 Nov 2016, 8:54 PM ET - Download our Conference Mobile App for our upcoming event on Friday 9th December 2016.

US-Japan Trade: New Day, Same Old Deficit

Sector Analysis: 22 Nov 2016, 11:13 PM ET - The Japan trade deficit is a tradition across decades of GOP/Dem leadership with the flow of goods still led by cars/parts (imports) and planes/parts (exports). Yen weakness is hard to complain about when the UST curve is driving it.     

US-China Trade: A Beautiful Mine

Strategy Analysis: 21 Nov 2016, 9:56 PM ET - The game theory of US-China trade negotiations will need two sides to at least be playing the same game. Manufacturing and tech is big in US-China deficit politics, and costs would be high in the event it ends badly. 

China Autos: Tax Cut Drives 1H Sales

Sector Analysis: 20 Jul 2016, 11:54 PM ET - 1H16 auto sales in China have performed better than expected with total sales up 8% YoY benefiting from purchase tax reduction on <1.6L engine vehicles, which is scheduled to expire  Dec 16.

US Industrials 2016 Outlook: Sector Trends (1/2)

Sector Outlook: 18 Jan 2016, 11:21 PM ET - In Part I of our 2016 Outlook, we delve into geographic, end-market, and bigger picture sector trends. We also shifted from an Underperform to a Market perform on our Capital Goods/Diversified universe in December.

Using the New E-Mail Alerts System

Announcement: 18 Feb 2015, 11:28 PM ET - CreditSights launched its new beta e-mail Alerts system on  Mon, February 23rd. A new interface allows users to manage their e-mail  Alerts. This is a user guide for managing your e-mail Alerts in the new system.

Announcing CreditSights' New E-Mail Alerts System

Announcement: 12 Feb 2015, 11:27 PM ET - CreditSights announced the launch of its new beta e-mail Alerts system on Monday, February 23rd. Your previous e-mail Alert preferences will be carried over into the new beta e-mail Alerts system.

Chinese High Yield: Currency Exposure

Strategy Analysis: 09 Jun 2014, 8:58 PM ET - The RMB's recent depreciation against the $ reminds us that Chinese $ bond issuers face some foreign currency risk.  Which credits would be most exposed to exchange rate movements? 
Focused

China Lesso: Termination of Coverage

Worth Watching: 09 Jun 2014, 6:03 AM ET
Focused

China Lesso FY13: Bye Bye Bond

Earnings Note: 18 Mar 2014, 1:00 AM ET - Plastic pipe maker China Lesso maintained a robust credit profile at FY13, as we had expected. The group will also redeem $130 mn of its 2016 bond when it becomes callable in May. 
Focused

China Lesso: New Syndicated Loan

Worth Watching: 03 Mar 2014, 10:56 PM ET
Focused

Chinese Industrials FY13 Preview: Motley Crew

Earnings Note: 28 Feb 2014, 5:56 AM ET - Chinese industrial high yield issuers are due to release FY13 results from early March.   We outline our expectations  for Anton Oil, China Auto, Lesso, China Oriental, Fufeng, Hidili, MIE, Monmin, Shanshui, Texhong, WCC and Yingde. 
Focused

Liansu/Lesso: Management Meeting & Site Visit

Site Visits: 16 Sep 2013, 10:01 PM ET - We met up with the management team of China Liansu/Lesso Group (“Lesso”) last week in their Shunde headquarters, Guangdong Province. In this report, we summarize the key takeaways from the management meeting.
Focused

Liansu 1H13: Yawn! Slow & Steady Wins the Race?

Earnings Note: 20 Aug 2013, 5:34 AM ET - Lesso reported a stronger set of 1H13 results when compared to 1H12. We maintain our Market Perform recommendation on LIANSU 7.875% 2016 given the 1H13 financial performance was in-line with our expected stable credit profile.

July 2013 Company Coverage Initiated

Company Coverage Initiated: 31 Jul 2013, 10:11 PM ET - Our monthly report provides executive summaries for the eleven companies on which we launched coverage in the US, Europe and Asia during the month of July.
Focused

China Liansu/Lesso: Steady? Steady! For Carry!

Company Spotlight: 24 Jul 2013, 10:17 PM ET - China Liansu Group is one of the largest manufacturers of plastic pipes and pipe fittings in China. We initiate on LIANSU 7.875% 2016 with a Market perform recommendation.

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