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

Tata Steel’s Q3/20-21 results were excellent, with record quarterly EBITDA on the back of a sharp increase in steel prices amid demand recovery globally and in India. FCF was strong, notwithstanding large one-off inflows from working capital. The financial risk profile improved significantly due to the focus on paying down debt and the significantly stronger earnings. Liquidity is adequate, with cash having doubled from FYE 2019-20.   We revise our Credit Bias to “Stable” from “Negative” due to our expectation of a favourable operating environment in the near future.

  Tata Steel’s Q3/20-21 results were excellent, with record quarterly EBITDA on the back of a sharp increase in steel prices amid demand recovery globally and in India. FCF was strong, notwithstanding large one-off inflows from working capital. The financial risk profile improved significantly due to the focus on paying down debt and the significantly stronger earnings. Liquidity is adequate, with cash having doubled from FYE 2019-20.     We revise our Credit Bias to “Stable” from “Negative” due to our expectation of a favourable operating environment in the near future.   

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

Tata Steel Ltd

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