Please refer to our unchanged analysis here. A month after missing the coupon on its 10.25% 1st Lien New Money Notes and entering negotiations with bondholders, CWT announced an
Please refer to our unchanged analysis here. Relative to our model, the latest US business travel data and comments lend themselves to only a minor improvement of our forecast, extending
We are initiating on CWT. Please find our analysis here.
CWT is close to the definition of a COVID recovery play. But what are the economics and how can we position ourselves? The shutdown of all
