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

Yanlord's FY 2023 results were robust in our view. The company reported solid top-line growth, albeit the margin contracted from a high base as projects were delivered outside of Shanghai. Still, cash flows were healthy, which supported meaningful debt reduction. Yanlord's near-term debt repayment risks have eased materially, after the company fully redeemed the YLLGSP 6.78 '24s at maturity yesterday and successfully refinanced the USD syndication loan due in February 2024. The company's next bond maturity will be in May 2026, when the USD 500 mn YLLGSP 5.125 '26s come due.

  Yanlord's FY 2023 results were robust in our view. The company reported solid top-line growth, albeit the margin contracted from a high base as projects were delivered outside of Shanghai. Still, cash flows were healthy, which supported meaningful debt reduction.   Yanlord's near-term debt repayment risks have eased materially, after the company fully redeemed the YLLGSP 6.78 '24s at maturity yesterday and successfully refinanced the USD syndication loan due in February 2024. The company's next bond maturity will be in May 2026, when the USD 500 mn YLLGSP 5.125 '26s come due. 

Yanlord Land - Earnings Flash - FY 2023 Results - Lucror Analytics