Daily Brief Credit: Energy Absolute: Absolutely Negative Energy and more

• Energy Absolute Public Company Limited (EA)’s negative headlines have gradually emerged since the beginning of the year.
• The most negative news came on 12-July when Thailand’s Securities Exchange Commission (SEC) accused Mr. Ahunai together with his deputy CEO and his business partner of committing fraud during 2013-2015.
• Our liquidity analysis of EA’s latest financial statements ending in March tells us EA does not necessarily have to resort to bankruptcy.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

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