发帖
雷达卡
186758.pdf
(171.43 KB, 需要: 9 个论坛币)
Credit Outlook (Q1 2008), 15 pages
* The quarterly Credit Outlook for Q108, entitled "New year nerves" is published today (please see attached).
* Our overall view remains bearish. With banking woes plaguing the market and further threats looming, a sustainable recovery looks unlikely in Q108.
* But while the outlook for banks is weak, the impact on non-financial corporates looks overdone. Utility spreads should hold up better than those of more cyclical sectors, while telcos' credit fundamentals are better than recent spread movements would imply.
京公网安备 11010802022788号
