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Euro HY Conference 2018: Relative Value Panel

Transcript: 27 Jun 2018, 9:21 PM ET - What is the biggest threat to European HY credit: Italy, Brexit, EM, commodities, tech or Donald Trump? 
Focused

S&B 1Q18: Tailor-Made for Retail Today?

Earnings Note: 29 May 2018, 9:33 PM ET - Strong 1Q18 from S&B that reinforces its value proposition in a crumbling retail landscape dominated by CVAs in the UK and increasing competition in continental Europe. At current yields we continue to be buyers of the SCHUBR bond

Euro HY Consumer Outlook 2018

Sector Outlook: 16 Jan 2018, 9:00 PM ET - We take a look at the key themes in play in evaluating prospects in the Euro HY Consumer space and aim to provide a fundamental framework to analyse available investment options within our coverage universe.

European Consumer: 2017 YTD New IG Issuance

Sector Outlook: 28 Sep 2017, 11:41 PM ET - New issuance in IG European food & bev/HPC, a consolidating sector, is down year to date on 2016 whereas new issuance in IG European retail, a sector attempting deleverage, is up.   

Euro HY Conference 2017: Travel Services Transcript

Transcript: 20 Jun 2017, 7:47 PM ET - In this article, we transcribe our Travel Services presentation for CreditSights' Euro High Yield Conference, in which we laid out our views on the European Travel Services space and took a closer look at Travelex.

Euro HY Conference 2017: Retail Transcript (1)

Transcript: 19 Jun 2017, 7:04 PM ET - In this article, we transcribe the first of our two-part Retail presentation for CreditSights' Euro High Yield Conference.
Focused

SCHUBR: 1Q17 - Online Outstyles Offline

Worth Watching: 15 Jun 2017, 3:22 PM ET - SCHUBR (B2): Overall Schustermann & Borenstein reported a solid set results with Online remaining the growth engine of the business. Nevertheless good sales were partly overshadowed by some weakness in margins due to higher discounts in Winter me ..
Focused

Schustermann & Borenstein FY16: Join The Club!

Earnings Note: 14 May 2017, 10:43 PM ET - S&B's solid FY16 results serve as compelling evidence of a clear path to deleveraging should capex be held at current levels and underlying trends continue to offer support. We reiterate our Buy recommendation on SCHUBR's 6.25% SSN 23s.

Stonegate FY16: More Bolt-Ons

HY Note: 24 Jan 2017, 5:38 AM ET - We review STGATE FY16 results through the prism of the most recent bolt-ons.

December 2016 Company Coverage Initiated

Company Coverage Initiated: 01 Jan 2017, 10:38 PM ET - Our monthly report provides executive summaries for the seven company on which we launched coverage in the US, Europe, and Asia during the month of December.
Focused

HY Note: Schustermann & Borenstein Issues 2023 SSN

HY Note: 07 Dec 2016, 9:42 AM ET - Schustermann & Borenstein are in the market with a debut HY € bond offering of €260 mn SSNs due 2023. We would be buyers at a low-6% new issue yield.

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.

Tales from the Trails: € HY Healthcare & Services

Sector Analysis: 11 Oct 2016, 10:24 PM ET - We highlight key takeaways and themes from a recent road trip with investors where we discussed companies within our Euro high yield healthcare and support services coverage.

Taking a Back Seat on UK Retailers

Sector Analysis: 11 Jul 2016, 10:20 PM ET - Following the plunge in UK consumer confidence amidst Brexit-related economic and political uncertainty, we take a more defensive position on UK high yield retailers. We shift to Hold from Buy on NEWLOK (1L and subs) and Iceland (1L)

US Retail: 4Q15 Roundup

Sector Analysis: 01 Apr 2016, 3:00 AM ET - We provide an update on operating metrics and earnings trends in the US Retail universe in the wake of a rocky-for-some fourth quarter.

2016 Consumer Analyst Group of NY: Day 3 Notes

Company Analysis: 19 Feb 2016, 5:44 AM ET - In this report we discuss the highlights from the presentations given by PG, PEP, and CCE on Day 3 of the Consumer Analyst Group of NY 2016 Conference.

Retail Outlook 2016: Relative Value (2 of 2)

Sector Outlook: 08 Feb 2016, 11:41 PM ET - In part two of our 2016 Retail outlook, we provide a look at relative value, name specific credit summaries and discuss updates to our trading recommendations in a reactive environment for Retailer bonds.

Retail Outlook 2016 (1 of 2)

Sector Outlook: 02 Feb 2016, 5:54 AM ET - As retailers wrap up the 2015 fiscal year, we offer our view on the prospects for 2016.

European Consumer: 2016 Outlook - Drama & Suspense

Sector Outlook: 10 Dec 2015, 11:53 PM ET - We have updated our frameworks for assessing relative value in our high grade European food & beverage and retail names for 2016, the 400th anniversary of William Shakespeare's death. We have made six changes to our opinions as a result.

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.

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