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

Modernland Realty reported very weak FY 2018 results. In fact, the company's performance was the worst among all the real estate peers under our coverage so far. Revenue and profit suffered significant drops, while the company has been burning cash at a fast rate. The financial risk profile has become very elevated. Liquidity is weak due to the fast cash burn rate. Compared to real estate peers, Modernland’s recurring revenue is limited (5%), offering less support during industry downturns. We foresee negative rating action, as the company has breached the rating agencies’ negative triggers. We revise our LARA to "Very High Risk" from "High Risk" given the stressed financial risk profile, fast cash burn rate and upcoming maturity wall. We move to “Sell” from "Hold" on the MDLNIJ Notes.

   Modernland Realty reported very weak FY 2018 results. In fact, the company's performance was the worst among all the real estate peers under our coverage so far. Revenue and profit suffered significant drops, while the company has been burning cash at a fast rate. The financial risk profile has become very elevated. Liquidity is weak due to the fast cash burn rate.    Compared to real estate peers, Modernland’s recurring revenue is limited (5%), offering less support during industry downturns. We foresee negative rating action, as the company has breached the rating agencies’ negative triggers.    We revise our LARA to "Very High Risk" from "High Risk" given the stressed financial risk profile, fast cash burn rate and upcoming maturity wall.    We move to “Sell” from "Hold" on the MDLNIJ Notes. 

Modernland Realty - Earnings Flash - FY 2018 Results - Lucror Analytics