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CMA-CGM : Feedback from the virtual meeting hosted with the company
We hosted a virtual meeting with CMA CGM on 17 January. In this note, we shall review the group's business, its outlook and its stronger balance sheet. This improvement is reflected in S&P and Moody's two-notch rating upgrades in 2021 and the marked tightening of its credit spreads. After this good run, we adjust our recommendation to Neutral (from Buy) on the CMACG 2026 notes (the only ones in euros still in circulation, while the other maturities were prepaid), pending a potent...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Delphine Chauvin
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