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Earnings Ahead

CREDIT PRE-MARKET

McDonald's (Baa1, BBB+; S) & Caterpillar (A1, A, A+; S) are among the €IG bonds facing earnings this morning in US pre-market. We also have $ issuer Estee Lauder (A1, A; Double Neg.) reporting 2Q results - close comp's & €IG issuers will follow later this week - Coty with 2Q24 results (potential rising star at Ba2/BB+/BB+; triple positive) on Wednesday & L'Oreal (Aa1, AA; Stable) with FY23 results on Thursday.

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