Fixed Income Analysis /

Weekly Credit Risk Monitor

    Stuart Culverhouse
    Stuart Culverhouse

    Chief Economist & Head of Fixed Income Research

    Tellimer Research
    1 March 2018
    Published byTellimer Research
    In this week's Credit Risk Monitor our credit in focus is UNIFIN Financiera. Mexican non-bank-banks have continued to show strong and healthy growth and UNIFIN Financiera (UNIFIN) is no exception. Compared to similar credits, we see a relative value opportunity in UNIFIN and therefore we reiterate our Buy recommendation on the company’s family of bonds.

    Our recap of the week's key credit developments includes news on Steinhoff International (SHFSJ), Eskom (ESKOM), Seplat (SEPLLN), NIGERIA (NGERIA) and Kenya (KENINT).