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HY & Xover Update - GCLIM, JAGLN, SCHUBR, Earnings Preview

HY & Xover Update

  • Guala Closures: Expects (temporary) challenges in 2Q but focus remains on CoC Hold the GCLIM FRN 4/24
  • Jaguar Land Rover: Moody's revises outlook to stable from negative Hold TTMTIN 1/28 at 101.3/101.6 (BVAL)
  • Schustermann & Borenstein: Very strong 1Q21 preliminary results supported by BestSecret Hold the SCHUBR 6.25% 12/23 issue trading at 101.3/101.7

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