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

JSW Steel’s Q3/20-21 results were clearly solid. Quarterly EBITDA reached a record high, driven by the favourable operating environment (higher steel prices) and growing vertical integration (on the ramp-up of captive iron ore). The financial risk profile improved significantly. We expect near-term prospects to stay favourable, given the constructive outlook for the steel operating environment. We revise our fundamental Credit Bias to “Stable” from "Negative", on account of the solid operating performance amid challenging market conditions due to the COVID-19 pandemic. That said, we remain wary of the aggressive debt-funded expansion plan, particularly the M&A risk related to the pending acquisition of Bhushan Power & Steel Limited.

  JSW Steel’s Q3/20-21 results were clearly solid. Quarterly EBITDA reached a record high, driven by the favourable operating environment (higher steel prices) and growing vertical integration (on the ramp-up of captive iron ore). The financial risk profile improved significantly. We expect near-term prospects to stay favourable, given the constructive outlook for the steel operating environment.   We revise our fundamental Credit Bias to “Stable” from "Negative", on account of the solid operating performance amid challenging market conditions due to the COVID-19 pandemic. That said, we remain wary of the aggressive debt-funded expansion plan, particularly the M&A risk related to the pending acquisition of Bhushan Power & Steel Limited.  

JSW Steel - Earnings Flash - Q3 FY 2020-21 Results - Lucror Analytics

JSW Steel Ltd

JSW Steel - Earnings Flash - Q3 FY 2020-21 Results - Lucror Analytics