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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CONSUMER CYCLICALS
- No rating changes since earnings so still a curve that screens tight to us. & still see more value in reverse Yankee name Booking.com - which was again left behind (-1-3bps tighter).
- Booking was affirmed at A3 yesterday (as we expected) - Moody's recognising the dividend restart and remaining $14b in buybacks but happy to stay unch. given strong cash position & expected earnings growth/CF generation this FY.
- Moody's did flag AI as a risk to accelerating consumer to hotel direct channel and/or new entrants to the space.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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