Webinar

European Industrial Bonds – Themes for Vigilance in 2H: 2024 Midyear Credit Outlook

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European Industrials' balance sheets could remain resilient in 2Q, thanks to price increases and robust backlogs, yet bondholders' focus may quickly shift to rising 2H risks in the coming months. Lower disposable incomes, political risks, softer shipping rates and tight valuations may be key for industrial spreads in the near term. Names including Alstom, Maersk, Siemens and Webuild could remain volatile in 2024, our analysis suggests.

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