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

Leonard Law, CFA

Senior Credit Analyst

Credit

<p><br/> Studio City’s proposed equity placement and Notes issuance are credit positive as they would increase liquidity, supporting its operating cash burn and funding the bulk of its Phase 2 capex. The transactions also demonstrate MLCO’s continued parental support for Studio City, which bolsters the credit profile (poor standalone financial metrics). In addition, the Notes issuance should clean up Studio City’s capital structure and greatly reduce subordination risk for the STCITY Notes, given that the secured STDCTY Notes will be redeemed. That said, the STCITY Notes will remain directly and structurally subordinated to Studio City’s credit facilities.<br/></p>

  Studio City’s proposed equity placement and Notes issuance are credit positive as they would increase liquidity, supporting its operating cash burn and funding the bulk of its Phase 2 capex. The transactions also demonstrate MLCO’s continued parental support for Studio City, which bolsters the credit profile (poor standalone financial metrics). In addition, the Notes issuance should clean up Studio City’s capital structure and greatly reduce subordination risk for the STCITY Notes, given that the secured STDCTY Notes will be redeemed. That said, the STCITY Notes will remain directly and structurally subordinated to Studio City’s credit facilities. 

Studio City - Event Flash - Equity Placement And Issuance Of New Notes - Lucror Analytics

Studio City Co Ltd

Studio City - Event Flash - Equity Placement And Issuance Of New Notes - Lucror Analytics