Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

High Yield Experts

Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

Credit

In our view, the government is taking control of Garuda,آ as several announcements have beenآ made by the SOE Minister instead of the company. We deem it unlikely that the Indonesian government willآ allow the nation's flag carrier to fail. Hence, We believe any restructuring package, which could include a maturity extension, would not be too adverse for existing Noteholders.آ We therefore maintain our "Hold" recommendation on the GARUDA 5.95 20 Notes. That said, in light of these developments we move our assessment on the LARA scale to "Medium Risk" from "Low Risk".

  In our view, the government is taking control of Garuda,آ as several announcements have beenآ made by the SOE Minister instead of the company. We deem it unlikely that the Indonesian government willآ allow the nation's flag carrier to fail. Hence, We believe any restructuring package, which could include a maturity extension, would not be too adverse for existing Noteholders.آ We therefore maintain our "Hold" recommendation on the GARUDA 5.95 20 Notes.   That said, in light of these developments we move our assessment on the LARA scale to "Medium Risk" from "Low Risk". 

Garuda - Event Flash - Potential Debt Restructuring - Lucror Analytics

Garuda Indonesia (Persero)

Garuda - Event Flash - Potential Debt Restructuring - Lucror Analytics