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Carole Braudeau
  • Carole Braudeau

Credit Morning 12/18/2025

Moody’s downgrades SES rating from Baa3/negative to Ba1/stable|ams OSRAM launches a € 300m tender offer on the 2027 convertible bonds|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 18/12/2025

Moody’s dégrade le rating de SES de Baa3/négative à Ba1/stable|ams OSRAM lance une offre d’achat de 300 m EUR sur les obligations convertibles 2027|

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/NBFIs growth, bank exposures in NBFIs, covered bond risk w...

Second highest YoY growth for NBFIs in 2024, up 9.4%. German and French banks lead in non-bank financial exposures. European Parliament considers lower risk weights for CRR eligible covered bonds

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/NBFIs growth, bank exposures in NBFIs, covered bond risk w...

Second highest YoY growth for NBFIs in 2024, up 9.4%. German and French banks lead in non-bank financial exposures. European Parliament considers lower risk weights for CRR eligible covered bonds

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/03/2025

Celanese: new $ bond issuance to finance the tender offer launched|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 03/12/2025

Celanese: new $ bond issuance to finance the tender offer launched|

 PRESS RELEASE

Disposal of 9 real estate assets in Belgium

Disposal of 9 real estate assets in Belgium Press releaseDecember 3rd, 2025             Disposal of 9 real estate assets in Belgium Paris, December 3rd, 2025 - Clariane (CLARI.PA - ISIN FR0010386334) today announces that it has completed the sale of a real estate portfolio in Belgium to Care Property Invest. This portfolio comprises the buildings of 9 nursing and care homes developed between 2010 and 2025 and operated by Korian Belgium. These homes are located respectively in Soignies (Wallonia), Heers, Lummen, Meldert, Diepenbeek, Heverlee, Halen, Lille and Hoeselt (Flanders). The facili...

 PRESS RELEASE

Cession de 9 actifs immobiliers en Belgique

Cession de 9 actifs immobiliers en Belgique Communiqué de presse             Cession de 9 actifs immobiliers en Belgique Paris, le 3 décembre 2025 Clariane (CLARI.PA – ISIN FR0010386334) : Clariane annonce aujourd’hui la cession d’un portefeuille d’actifs de santé situés en Belgique à Care Property Invest. Ce portefeuille se compose des murs de 9 maisons de repos et de soins développées entre 2010 et 2025 et opérées par Korian Belgium. Ces maisons sont situées respectivement à Soignies (Wallonie), Heers, Lummen, Meldert, Diepenbeek, Heverlee, Halen, Lille et Hoeselt (Flandres). Les établi...

Carole Braudeau
  • Carole Braudeau

Credit Morning 12/02/2025

Moody’s raises Eutelsat corporate rating to Ba3/stable from B2 cw pos|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 02/12/2025

Moody’s relève le rating d’Eutelsat de B2 cw pos à Ba3/stable|

Research Department
  • Research Department

IBERIAN DAILY 02 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: INDITEX, REPSOL, SANTANDER. December kicks off with losses Stock markets on both sides of the Atlantic started the week off with drops in a cautious session. The IBEX 35 ended its streak of five straight sessions of gains, while the geopolitical risk continues to rise after Trump ordered Venezuelan airspace be closed. In the STOXX 600, Household Goods and Basic Materials rose the most, with the biggest drops coming in Industrials and Financial Services. On the macro side, in Spain...

Research Department
  • Research Department

INFORME DIARIO 02 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: INDITEX, REPSOL, SANTANDER. EUROPA: BAYER, L’ORÉAL. Diciembre arranca con caídas Las bolsas a ambos lados del Atlántico comenzaron la semana con descensos, en una jornada marcada por la cautela. El Ibex 35 interrumpió su racha de cinco sesiones consecutivas al alza mientras que el riesgo geopolítico sigue en aumento después de que D. Trump ordenara cerrar el espacio aéreo de Venezuela. En el STOXX 600, Hogar y R. Básicos fueron los que más subieron...

Research Department
  • Research Department

IBERIAN DAILY 01 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IAG, MAPFRE, SANTANDER, TELEFÓNICA. Between monetary policy and a possible Ukraine-Russia peace treaty With the only US macro reference being the Fed’s Beige Book, the markets saw a transitional week due to Black Friday. European markets ended the week with gains, rallying from support levels and seeking 2025 highs, with the Ukraine-Russia peace talks continuing to be in the spotlight. In the STOXX 600, Basic Resources and Construction led the gains, with Food and Household Goods ...

Research Department
  • Research Department

INFORME DIARIO 01 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: IAG, MAPFRE, SANTANDER, TELEFÓNICA. EUROPA: AIRBUS. Entre la política monetaria y una posible paz en Ucrania/Rusia Los mercados vivieron una semana de transición por el Black Friday y ante escasas referencias macroeconómicas. A la espera de las negociaciones de Paz entre Ucrania y Rusia las bolsas europeas terminaron la semana con ganancias, buscando los máximos del año. En el STOXX 600, las ganancias fueron dirigidas por Recursos Básicos seguido de...

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/Deutsche Bank G-SIB charge, UniCredit Bank Czech Republic ...

Deutsche Bank's capital headroom to get a boost from FSB changes. UniCredit Bank Czech Republic and Slovakia upped at Moody's

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/Deutsche Bank G-SIB charge, UniCredit Bank Czech Republic ...

Deutsche Bank's capital headroom to get a boost from FSB changes. UniCredit Bank Czech Republic and Slovakia upped at Moody's

Research Department
  • Research Department

IBERIAN DAILY 28 NOVEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA ENERGÍA, ARCELORMITTAL, CAIXABANK, IAG, INDITEX, OHLA, SANTANDER. Stability for now In the absence of references from the US due to Thanksgiving, European stock markets traded within a narrow sideways range. In the STOXX 600, Autos and Financial Services were the best performers whereas Pharma, Technology and Basic Resources were the only sectors that ended with drops. On the macro side, in the euro zone, October’s M3 remained at 2.8% YoY, in line with expectations, wherea...

Research Department
  • Research Department

INFORME DIARIO 28 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA ENERGÍA, ARCELORMITTAL, CAIXABANK, IAG, INDITEX, OHLA, SANTANDER. Por el momento, estabilidad En una sesión sin referencias desde EE.UU., por la festividad de Acción de Gracias, las bolsas europeas se movieron en un rango lateral estrecho. En el STOXX 600, las ganancias fueron dirigidas por Autos, S. Financieros e Inmobiliario. En el lado contrario, sólo Farma, Tecnología y R. Básicos terminaron con caídas. Por el lado macro, en la Eurozo...

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/SFDR review, Deutsche Bank AT1, Bankinter call

Disclosures simplification and three-way categorization included in Commission's SFDR review. Deutsche Bank heads for another AT1 print. Bankinter follows Santander in announcing a January 2026 AT1 call

Marine Leleux ... (+3)
  • Marine Leleux
  • Maureen Schuller
  • Suvi Platerink Kosonen

Bank Brunch/SFDR review, Deutsche Bank AT1, Bankinter call

Disclosures simplification and three-way categorization included in Commission's SFDR review. Deutsche Bank heads for another AT1 print. Bankinter follows Santander in announcing a January 2026 AT1 call

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