Sector Recommendations: Gaming
The gaming industry has had a good run since our last sector recommendation in January. The bonds of our coverage gained 1.5 points to 105.750 on average over the last eight months, in line with the H9PC. This reflects the sector’s good visibility, secured by long-term concessions and licenses, while credit ratios are quite stable. This also reflects the good 1Q17 and 2Q17 results reported by the ga-ming firms.
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
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