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

We believe that the outlook for JSW Steel is positive, underpinned by: [1] capacity growth, especially the scheduled commencement of a 5 mtpa Dolvi expansion in Q3/21-22; and [2] high steel prices and good product spreads. Leverage is modest and will likely improve further, while liquidity is adequate. The event risk associated with the acquisition of BPSL is partly contained by the sharing structure, with JSW owning only 49% for now (option to increase to 83%). We expect positive rating pressure, particularly for Fitch. JSW is currently rated Ba2 (positive) / BB- (positive) by Moody's / Fitch. We believe Fitch may upgrade JSW's ratings by FYE 2021-22, as the company's leverage may meet the positive triggers if the operating environment does not deteriorate sharply.

  We believe that the outlook for JSW Steel is positive, underpinned by: [1] capacity growth, especially the scheduled commencement of a 5 mtpa Dolvi expansion in Q3/21-22; and [2] high steel prices and good product spreads. Leverage is modest and will likely improve further, while liquidity is adequate. The event risk associated with the acquisition of BPSL is partly contained by the sharing structure, with JSW owning only 49% for now (option to increase to 83%).   We expect positive rating pressure, particularly for Fitch. JSW is currently rated Ba2 (positive) / BB- (positive) by Moody's / Fitch. We believe Fitch may upgrade JSW's ratings by FYE 2021-22, as the company's leverage may meet the positive triggers if the operating environment does not deteriorate sharply. 

JSW Steel - Event Flash - Launches Dual-Tranche Notes Offering - Lucror Analytics

JSW Steel Ltd

JSW Steel - Event Flash - Launches Dual-Tranche Notes Offering - Lucror Analytics