February 18, 2025 10:06 GMT
CONSUMER CYCLICALS: Allwyn; Fitch moves to positive outlook o/n
CONSUMER CYCLICALS
(Secured; NR/BB/BB- Pos)
- 30s trading on a 107 cash px are working out to April '26 call but still ~70bps wide of Flutter/IGT.
- Has $29s giving similar 60bps over IGT (neither open to retail there).
- No view but recent earnings look firm - we may circle back.
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