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Credit Outlook 2014: Recovery Is Approaching

Published 01/15/2014, 07:17 AM
Updated 05/14/2017, 06:45 AM
IFNC
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After seven years of famine, a more sustainable, albeit frail, recovery is coming.

With fundamentals on the up, stabilising issuance volumes and monetary authorities supportive, we see slightly tighter credit spreads in 2014.

BBB is the place to be in non-financial IG, while BB is our preferred category of non-financial HY credit risk.

In financials, we go down the capital structure.

Look out for shareholder friendliness, regulatory shortfall and a (once again) short-stopped recovery

We see potential in G4S , SKF , new Dong Energy hybrids and Seadrill .

To Read the Entire Report Please Click on the pdf File Below.


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