Ford: spanner in the works?

Credit of the month

saidsaffari-com-gif
Said Saffari & Kevin Morley
CSFB

Marketweight in $ , overweight in e
We remain marketweight in dollars and overweight in euros in Ford paper. We effectively have a three-pronged investment outlook on Ford which serves as the basis for our recommendation. First, we view the recent blow-out of spreads to extreme levels of over L+500bp in euros as unjustified based on credit fundamentals, supportive technicals from the new issuance side and attractive relative valuation versus other large

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: