Lowell Ad Hoc 3Q20 Prelim: Plot Twist? 

Where would we be without Lowell popping up to spice up an increasingly locked-down October?

We infer from the unplanned release that some type of corporate machinations are bubbling, perhaps to take up the refinancing chatter from where it left off in the summer.

Numbers move the big picture in a positive direction although question marks around the sustainability of the impressive margin expansion remain.

We discuss implications for any refi/takeout scenario for CDS below, including the likelihood, or otherwise, of the SSNs being "Stonegated" for deliverability purposes. 

 

 

Download your report now. 

CreditSights values your privacy. You can read our privacy policy here

Credit Research for Hedge Funds 

Hedge fund managers and partners know better than anyone that markets move fast, not all credits are created equal, and that independent, unconflicted expertise is hard to come across.

Our award-winning fundamental and quantitative research is designed to help you in your quest to provide superior returns through all market conditions.

CreditSights’ timely reports and insights are important inputs that help fund managers to exploit market abnormalities and gain an informational edge as they seek to maximize returns and minimize downside. 

› Breadth, Depth and Experience

Our 100 credit analysts have deep sector experience across 35 industries within 7 sectors covering over 1,200 bond issuers.

› Improve Your Workflows

Our analyst primers offer single-name depth, industry context and a strategy overlay. CreditSights' trading ideas offer insights that inform your tactical investment strategies. 

› Trusted and Accessible

100% Independent – we do not underwrite securities or manage assets. Rather, we support and guide those who do with insights that are free from any conflicts of interest.

 

 

 

The Worlds Top Decision Makers use CreditSights to Become Truly Informed.

CreditSights offers a comprehensive suite of research solutions that are designed to be flexible enough to meet your unique investment needs.
 

Know More. Risk Better.

Creditsights Is the Go-To Source for Covering Global Credit Markets