Cat XL
Shizuka Minamoto
Lecta
“We expect bond prices to continue to decline as the company heads towards a restructuring, due to value destruction and administrative costs,” said Ryan.
Ryan also expects cash burn at Lecta to continue through 2021 and that the company will need to restructure its business at the end of that year.
If Lecta can’t get the funding for transforming its business, the liquidity at a group level will further deteriorate, Joan Sehim, credit analyst at Spread Research, said in a phone interview.
“We expect bond prices to continue to decline as the company heads towards a restructuring, due to value destruction and administrative costs,” said Ryan.
Ryan also expects cash burn at Lecta to continue through 2021 and that the company will need to restructure its business at the end of that year.
If Lecta can’t get the funding for transforming its business, the liquidity at a group level will further deteriorate, Joan Sehim, credit analyst at Spread Research, said in a phone interview.