Analyst Zerlina Zeng at CreditSights notes that “we think that the corporate reorganization reduces the risk of cash burn for Alibaba to fund unprofitable business lines.”
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CreditSights maintained its “outperform” recommendation on Alibaba after it announced its overhaul plans, adding that the plans won’t have much of an impact on the company’s credit. “We see a…
A similar proposal released Tuesday by Sunac China Holdings Ltd., once among the country’s five biggest developers, aims to replace dollar notes with new debt maturing in two to nine…
Lakshmanan R, a senior credit analyst at CreditSights, expressed confidence that Agarwal will live to see another day. Agarwal has teetered on the brink of defaulting before, he said, “but…
Regional bank bonds are offering investors a “once-in-a-decade buying opportunity,” according to research firm CreditSights. Along with their shares, the bonds of regional banks have been hit hard since Silicon…
Some 19 bonds are due to be called this year, according to CreditSights, including ones issued by UniCredit (CRDI.MI), Santander, BBVA (BBVA.MC) or Barclays (BARC.L). The Italian bank’s 6.625% CoCo with a call in…
Simon Adamson, head of global financials research at CreditSights said via a note that the bond will “presumably remain an obligation of the enlarged UBS, alongside CS’s senior bonds,” adding…
Zerlina Zeng, Senior Credit Analyst at CreditSights, previews Tencent earnings and discusses her views on China’s tech sector.
“Analysts at CreditSights observe that while both California and Texas endured heatwaves last summer, peak power prices in California did not spike to the same degree, when adjusted for natural…
“On a single name credit basis we aren’t particularly concerned about the implications from a bank failure,” CreditSights analyst Josh Esterov said in an interview.