Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

grazie. io avevo letto relativamente ad un recovery stimato del 28% (circa) ma essendo equity il prezzo di acquisto mi sembra troppo vicino alla stima del valore di recovery.

26.5 + strumenti finanziari partecipativi (SFP) per godere dei proventi delle dismissioni delle concessioni

è sul valore di questi SFP che si gioca la scommessa long ........e se vogliono che PI ( Progetto Italia) si chiuda positivamente......i bh istituzioanli non si acconteteranno di meno di 30
 

Thomas Cook Group Downgraded To 'CC' From 'CCC+' On Proposed Debt Restructuring; Outlook Negative

  • 12-Jul-2019 12:21 EDT
View Analyst Contact Information
  • Table of Contents
  • U.K.-based tour operator Thomas Cook Group PLC has announced that it is in advanced discussions with its main stakeholders to restructure its capital structure via an injection of £750 million new money and the conversion of a large portion of its debt into equity.
  • The recapitalization, once implemented, will result in debtholders receiving less than originally promised, which we view as a distressed exchange and tantamount to a default under our criteria.
  • We are therefore lowering to 'CC' from 'CCC+' our issuer credit and issue-level ratings on Thomas Cook.
  • The outlook on the issuer credit rating is negative, reflecting the likelihood that we will lower the rating to 'D' (default) when the recapitalization is completed.
 
Fitch Assigns Tunisia's New EUR Notes Final 'B+' Rating
12 JUL 2019 06:24 AM ET




Fitch Ratings-Hong Kong-12 July 2019: Fitch Ratings has assigned Tunisia's new EUR700 million 6.375% notes maturing in July 2026 a final rating of 'B+'. This replaces the expected rating of 'B+(EXP)' that Fitch assigned on 1 July 2019.

KEY RATING DRIVERS
The rating is in line with Tunisia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B+', which has a Negative Outlook.

RATING SENSITIVITIES
The rating would be sensitive to changes in Tunisia's Long-Term Foreign-Currency IDR.

On 27 June, Fitch affirmed Tunisia's Long-Term Foreign- and Local-Currency IDRs at 'B+' with a Negative Outlook.
 

Users who are viewing this thread

Back
Alto