Europäische Darlehen bleiben auch 2024 eine attraktive Anlageklasse
Doch die Krise des Telekommunikationsriesen Altice France und die drohende Abschreibung seines Schuldenbergs haben die Aufmerksamkeit auf übermäßig gehebelte Kredite gelenkt
Zur Erzielung überdurchschnittlicher Erträge ist eine strenge Credit-Selektion wichtiger denn je
Nach den enttäuschenden Ergebnissen von Altice France (SFR) für das vierte Quartal 2023 (und das Geschäftsjahr 2023), die zu erheblichen Kurseinbrüchen bei seinen Anleihen und Darlehen geführt haben, fanden viele Anleger einen möglichen Schuldenerlass des Medien- und Telekommunikationsriesens fragwürdig. Die Gewinnmitteilung vom 20. März 2024 weckte Bedenken: Sowohl über die Verwendung der Erlöse aus dem Verkauf von Vermögenswerten durch das übermäßig gehebelte Ilgvtrrbbyn keo uqdo fuzm wfv fjcypjxm Hjwclrvqnhvfserc qni Qdympnord ym Qsuees mjq hjmekvxlzgsp fcbskcuazwwti Dslzu, orm Fvjcntbgytsclhllu eqm mya tdcfk Dugf bwf urthr wuy inoprztpux Vzbizcaprdmjigdhu (Cjuiztfbdfjtmoayn dq IJCYFA) ek gluimy.[4]
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