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CONSUMER CYCLICALS: Edenred; 5.5Y

CONSUMER CYCLICALS

(NR/A-) 

Interesting deal, as we said BBB consumer services screens relative value vs. other subsectors. Edenred is A-rated but trades in-line with them on a regulatory discount.

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(NR/A-) 

Interesting deal, as we said BBB consumer services screens relative value vs. other subsectors. Edenred is A-rated but trades in-line with them on a regulatory discount.

Keep reading...Show less