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COMMUNICATIONS: Telefonica CEO Replaced

COMMUNICATIONS

TELEFO               Baa3/BBB-/BBB                Curve Steady

Difficult to assess the impact though this would appear to make changes to strategy/guidance more likely. Equity making a move lower on the news. Noting no track record in telecom by the incoming CEO. Spreads steady thus far.

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TELEFO               Baa3/BBB-/BBB                Curve Steady

Difficult to assess the impact though this would appear to make changes to strategy/guidance more likely. Equity making a move lower on the news. Noting no track record in telecom by the incoming CEO. Spreads steady thus far.

Keep reading...Show less