your.fitch.group Open in urlscan Pro
104.17.71.206  Public Scan

Form analysis
0 forms found in the DOM

Text Content

 
Having trouble viewing this email? View online.
Want to share this email? Forward to a friend.
 

 

 


Monthly Newsletter

 

 
Corporate Credit at a Glance EMEA
 

 

       

       

 

       

       

 

 

 

         
CHART OF THE MONTH
 

 
Volume Recovery Supports EMEA Building Products Companies in 2025

A gradual volume recovery, particularly in new-build housing and improving
renovation demand from 2H25, will support the financial profiles of EMEA
building products companies in 2025.

 

 
EMEA Building Products and Materials Issuers' Revenue Growth
 



 

 

         
EMEA CORPORATE RESEARCH HIGHLIGHTS
 

 
Single Default Pushes High Yield Rate Higher; Market Concern Lists Rise
European Hotels’ Revenue Growth to Decelerate in 2025
End of De-stocking in European Industrials Improves Revenue Predictability
Chemicals Drive Downgrades, Oil & Gas Push Upgrades in EMEA Natural Resources
US Post-Election Policy Changes May Have Implications for Europe’s Corporate
Sectors

Sector Outlooks
European Engineering and Construction
EMEA Building Products and Materials
Global Automotive


Relative Credit Analysis Reports
EMEA Packaged Food
EMEA Investment Grade Diversified Industrials and Capital Goods
Global Medical Devices, Diagnostics and Products
Global Pharmaceuticals & Biotech
Global Copper Mining


 

 

 

         
AUDIO SERIES
 

 

 

 
Private Credit Default Rate
Fitch Ratings has launched the Private Credit Default Rate (PCDR) report series,
highlighting sector-specific default rates, key trends in default activity, and
the methodology for calculating these rates. Join Jeremy Carter, Global Head of
Corporate Ratings, and Timothy Lee, Director of Private Debt Corporate Ratings,
as they share the findings of the latest PCDR report and discuss default
expectations for the private credit sector. Listen now.
 


 

 

 

 

 

   
Fitch Ratings' Transition and
Default Methodology Explained
 

       
learn more
       

   

 

 

         
NEW RATINGS
 

 
Public Property Invest First-Time 'BBB-' IDR; Outlook Positive
Betclic 'BB-(EXP)' First-Time IDR
The Stepstone Group Holding 'B+(EXP)'
Dechra Topco Limited First-Time 'B+(EXP)' IDR
Asmodee 'B+(EXP)'; on Rating Watch Positive
Exclusive Networks First-Time 'B' IDR
IRCA 'B' First-Time IDR

 

 

 

         
KEY RATING ACTIONS
 

 
TUI Cruises upgraded to 'BB-'/Stable
INNIO Group Holding GmbH upgraded to 'B+'
MAS PLC's IDR downgraded to 'BB-'
Arcelik downgraded to 'BB-'; Outlook Negative
Vestel's Local-Currency IDR downgraded to 'B+'
Lune Holdings S.a.r.l. (KemOne) downgraded to 'CCC+'
Vialto Partners downgraded to 'CCC-'; Rating Watch Negative

 

 

 

         
RESEARCH REPORT SERIES
 

 
Relative Credit Analysis Reports – EMEA

 

 
Global Corporates Macro and Sector Forecasts

 

 
Global Corporate Credits on the Cusp Monitor

 

 

 


 

 

 
FITCH CORPORATE HEADQUARTERS
30 North Colonnade, Canary Wharf, London, E14 5GN
300 W. 57th Street, New York, NY 10019

If you no longer wish to receive any emails from Fitch Ratings, you may
unsubscribe by visiting our preference center.
Copyright © 2024 by Fitch Ratings Ltd. and its subsidiaries

Manage Preferences  |   Privacy Policy  |   Safelist Us

 

Forward to a Friend
 * Friend's First Name:
   Required
 * Friend's Last Name:
   Required
 * Friend's Email:
   Invalid email address

Successfully Sent
CANCELSEND
SEND ANOTHERDONE