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Introducing Our CLO Podcasts
Leveraged Finance & CLOs Uncovered Podcast
Everything you ever wanted to know about CLOs, Corporate Credits, Leveraged Finance and what they are. With the aim of providing market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, S&P Global Ratings is holding regular podcast episodes every fortnight, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
The Upgrade
The U.S. Leveraged Finance and Recovery team is producing a monthly podcast series entitled "The Upgrade." This series focuses on leveraged finance issuers that have upward rating potential, providing listeners with concise insights from the primary analyst along with relevant CLO market implications. In the time of Covid-19, other timely topics are also being discussed.
Leveraged Finance & CLOs Uncovered Podcast
Everything you ever wanted to know about CLOs, Corporate Credits, Leveraged Finance and what they are. With the aim of providing market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, S&P Global Ratings is holding regular podcast episodes every fortnight, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
The Upgrade
The U.S. Leveraged Finance and Recovery team is producing a monthly podcast series entitled "The Upgrade." This series focuses on leveraged finance issuers that have upward rating potential, providing listeners with concise insights from the primary analyst along with relevant CLO market implications. In the time of Covid-19, other timely topics are also being discussed.
89 Episodes
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U.S. and Canadian companies have been raising prices over the past year or so in an effort to restore margins. A few fully done so, but many others' margins have eroded. In this episode of The Upgrade podcast Hanna Zhang, and Minesh Patel discuss key highlights from our recently published articles, "U.S. Leveraged Finance Q4 2022 Update: Inflation Pressures Hit Margins, Rate Rises To Hit Cash Flow". The report also tracks key credit trends such as profit growth, debt leverage, interest coverage, and free cash flow within our speculative-grade corporate rating universe.
In this episode, Hina and Sandeep are joined by Remi Bringuier to take a closer look at Colisee's credit profile. We break down the most recent performance data, walk through our rationale for CCC rating category, and spotlight the key credit factors and trends we're monitoring closely. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings' regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Related article: Colisee Group S.A.S. Downgraded To 'SD', Term Loan B To 'D' On Deferred Cash Interest Payment
Hina and Sandeep are joined by Alphee Roumens to provide a granular view of Babilou's credit Profile; the latest performance trends, discuss our rationale behind the CCC rating category, and highlight key areas we're monitoring closely. Our goal is to equip market participants with deeper, forward-looking insight into multi-asset class -Corporate Credits, CLOs, Leveraged Finance Deals through our regular podcast series. Each episode explores key credit features, sector-specific risks, and evolving trends we're seeing across the deals we cover. Related Article: Babilou Family SAS Downgraded To 'CCC+' On Operating Performance Deterioration And Strained Liquidity; Outlook Stable
Leveraged Finance & CLOs Uncovered Podcast: The story behind Infragroup's positive outlook. Hina and Sandeep are joined by Christopher Ewert to discuss Infragroup's strong operating performance, our current outlook for the company, and the areas we are closely monitoring. Our aim is to provide market participants with further advanced analytical insight into corporate credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to. Click here to view the related article.
Hina and Sandeep discuss Cerba with Remi Bringuier, discussing our current expectations for the company's performance and the areas we are closely monitoring. Our aim is to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
After the summer break, Hina and Sandeep are joined by John Finn to discuss our recent Structured Finance conference, new features in CLO documentation, recent CLO performance, and future challenges faced by the market. Our aim is to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
Series 6, Episode 5: Before we all break for summer, Hina & Sandeep discuss Ardagh Group with Desiree Menjivar over an in-depth analysis of Ardagh's recent rating action and insights into the key factors shaping the company's performance, and the areas we are closely monitoring.
Leveraged Finance & CLOs Uncovered Podcast: How ASDA's Parent, Bellis Finco PLC, compares with other food retailers in a highly competitive UK landscape. Hina & Sandeep have a discussion with Raquel on credit fundamentals of Asda and its recent refinancing and S&P's expectation for a future trajectory. Our aim is to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
In our latest episode, Hina & Sandeep have a discussion with Alphee Roumens on how Merlin continued to access capital markets to finance further growth and focus on its evolution post covid era and the areas we closely monitor.
Hina & Sandeep discuss Altice France with Justine Miquee over an in-depth analysis of Altice France's recent rating action and insights into the key factors shaping the company's performance, and the areas we are closely monitoring.
Series 6, Episode 1: Hina & Sandeep have a discussion with Raquel on credit fundamentals of Nord Anglia and despite raising $600 million term loan add-on, it is able to preserve its ratings, though reducing our recovery estimate for its senior secured debt.
Series 5, Episode 5: Hina & Sandeep wrap up the year with Tia Zhang and discuss a workaround seen in loan documentation allowing borrowers to extend maturities more easily.
In this latest episode of our Leveraged Finance & CLOs Uncovered Podcast is out. This time, we discuss how rising interest rates and decreasing consumer confidence led to a downgrade of building material maker LSF10 XL Investments S.a.r.l. (Xella).
In this episode, Hina and Sandeep are joined by corporate ratings analyst Solene Van Eetvelde, to discuss the French childcare provider Babar Bidco, a popular new issue credit exposed to European CLO portfolios. Listen in as we discuss the ratings and recovery ratings assigned to the credit and its outlook.
In this episode, Hina and SaIn this episode, Hina and Sandeep are joined by Gaetan Michel, Associate Director in the team covering chemical industry, to discuss the petrochemical company Ineos Quattro, one of the most popular names in European CLOs. Listen in as we discuss our views the company's recent refinancing proposal and it's impact on recovery ratings. Hina and Sandeep are joined by Gaetan Michel, Associate Director in the team covering chemical industry, to discuss the petrochemical company Ineos Quattro, one of the most popular names in European CLOs. Listen in as we discuss our views the company's recent refinancing proposal and it's impact on recovery ratings.
For our inaugural 2021 episode, Hina and Sandeep are joined by David Gillmor, Sector Lead for Leveraged Finance, to discuss his recent publication titled "European Corporate Defaults: Owners Step Up To Mend Pandemic-Hit Capital Structures". Listen in as we discuss how owners and management teams are actively restructuring their financial obligations and how CLOs are addressing this.
In this episode, Hina and Sandeep are joined by Rachel Gerrish, Senior Director in the Corporate Ratings group to discuss Swissport, the Switzerland-based global airport ground handler. Listen in as we discuss the acute challenges COVID-19 has brought for the sector, why we downgraded Swissport to SD and how CLOs have limited their exposure to the company's downgrades this year. Every fortnight, we aim to provide market participants with further advanced analytical insight into Corporate Credits, CLOs and Leveraged Finance deals, with S&P Global Ratings regular podcast, based on key features we're seeing in corporate credits and sectors that CLOs are exposed to.
Time flies when you're having fun in podcasts. And in this episode, Hina and Sandeep are joined by Patrick Janssen, analyst in the corporate ratings group to discuss TUI, the Germany-based fully integrated tourism group. Listen in as we discuss how TUI has been affected during the downturn and how this has affected their ratings.
In episode 10, Hina and Sandeep are joined by Thibaud Lagache, analyst in the corporate ratings group to discuss Altice, telecom provider of pay television, broadband internet and mobile services. Listen in as we discuss the strengths and weaknesses of the credit, and the impact from its majority-owner decision to take it private.
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