Spread Research - Unilabs- Quarterly comment

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Spread Research

Remi Ramadou

EUR 200.00 For Business Accounts Only

Unilabs- Quarterly comment

We recommend Buying the Unilabs 5.75% 2025 at YTW 5.9% after the bond slipped by roughly 1 point in the wake of weaker-than-expected 4Q17 results. The bond is now down 1.8 points over a month and down 2 points on a YTD basis. The 5Y CDS widened by 50bp from 2180bp to 330bp, returning to levels unseen since early September.

09/05/2018 3 EN

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Spread Research

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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Analysts

Remi Ramadou

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Unilabs- Quarterly comment

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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