Fundamental Analysis – Spread Research’s core expertise
Credit Report: our in-depth credit opinions and key credit drivers on the companies we follow.
Rating Report: unsolicited Rating report, updated annually on a universe of 50 companies.
New Issue Comments: for new issues of companies within our coverage universe.
Primary Market Snapshot: for new issues of companies not included in our coverage.
Quarterly & Financial Models
Key figures: table with key financial ratios – available in Excel format.
Quarterly Results Analysis: detailed quarterly comments and our analysts’ opinions evaluating the financial situation of the companies.
Forecast financial Model: 3-year forecast and a quarterly forecast (revenue & EBITDA) for the next earning periods on all financial ratios, our recovery analysis, the capital structure and a liquidity analysis of the company for the next 3 years – available in Excel format.).
Morning News & Weekly Recap: what you need to know every day on the European High Yield and Convertible Bonds Markets.
Recovery & Refinancing risk: comparative tables of European High Yield and Convertible Bonds issuers’ ratings with recovery per debt seniority ranking and refinancing risks.
Rating Benchmark: we compare the average global public corporate ratings (Moody’s, S&P) with our corporate ratings of European High Yield and Convertible Bonds issuers.
Investment Recommendation Opinion driven
Model Portfolio: our analysts update daily the performance of a model high yield bonds portfolio and provide their credit view on each line.
New Issue Theoretical Pricing: following the Primary market Snapshot and New Issue Comment, our analysts define a theoretical spread for each new issue.
Quarterly Sector Recommendation: peers relative value & credit view on high yield bond issuers.
Trade of the Week & Top Picks Top Pans: Our high convictions and credit views.
Timely “Live” Research
Responsiveness and Availability
Direct access to analysts: conference calls, one-to-one Meetings and Quarterly comments – easily accessible for our clients in Europe and across the world.
Open Bloomberg ® chat room for our analysts to comment on our Daily News and publications.
Customized email alerts for clients to receive our analytical comments, analysis and credit views.
Online Credit Database: over 12,000 historical data, reports and opinion on about 200 European bond issuers.