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Intermediate Capital: Credit Positive But Spreads Have Performed Well

FINANCIALS

Intermediate Capital (ICPLN: BBB pos/BBB) FY24 results (12M to Mar-24) are positive with profits beating expectations and a guidance upgrade. Credit stats appear better but the credit is already 60bp tighter YTD (€IG financials -50bp) so a credit positive day but lots already in expectations.


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Intermediate Capital (ICPLN: BBB pos/BBB) FY24 results (12M to Mar-24) are positive with profits beating expectations and a guidance upgrade. Credit stats appear better but the credit is already 60bp tighter YTD (€IG financials -50bp) so a credit positive day but lots already in expectations.


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