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CONSUMER CYCLICALS: Dometic; S&P affirms at BB- stable

CONSUMER CYCLICALS

(DOMSS; Ba2 Neg/BB- Stable)

  • Recovery revised down from 60% to 55% (debt is unsecured)
  • Stable outlook given it sees bottom in revenue and margins in 2025 and notes co's deleveraging target (reports net ex. leases at 3x vs. target around 2.5x).

€26s trade at 3.9%/Z+168

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(DOMSS; Ba2 Neg/BB- Stable)

  • Recovery revised down from 60% to 55% (debt is unsecured)
  • Stable outlook given it sees bottom in revenue and margins in 2025 and notes co's deleveraging target (reports net ex. leases at 3x vs. target around 2.5x).

€26s trade at 3.9%/Z+168

Keep reading...Show less