Report
Credit Logement : Recommendation revised to Neutral on legacy notes after price increase; Buy recommendation confirmed on Tier 2 notes
After another record year of loan origination in 2019, 2020 was expected to mark a decline given a foreseeable slowdown in redemptions, tighter lending criteria in France following the regulator's recommendations of December 2019 and the impacts of lockdowns and the economic crisis in France in 2020. All told, new loan originations fell by just 12%, commissions were up and net income retreated slightly. - The impact of the crisis on the quality of guarantees outstanding could be f...
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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.
Carine Maciol
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