Credit Quality – Harlyn Research LLP

Credit Quality Concerns

Wednesday, June 14th, 2017

Contagion threat to Investment Grade

While newspapers are fretting about the valuation of Technology stocks, our models suggest that there is a growing problem with US High Yield credit. This is not confined to the Energy sector and may soon impact US Investment Grade. Our previous note highlighted the importance of Investment Grade as an end of cycle indicator.

Filed under: Categories: Corporate Bonds, Credit Quality, Energy Prices

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Catastrophically Awful

Wednesday, July 13th, 2016

Eurozone banks are in crisis NOW

The scores for the Financials sector in our Eurozone and Pan-European equity models are catastrophically awful – as bad as those for US Financials at the onset of the Lehmans crisis. The only possible conclusion is that the Eurozone financial crisis has already begun. The three large banks with the worst individual scores are Unicredit, Intesa and Deutsche Bank.

Filed under: Categories: Corporate Bonds, Credit Quality, Equities, Eurozone Crisis, Financials

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