QRTE.A – Base Case iCDS 161bps, Negative Case iCDS 244bps, 2025 4.450% Bond YTW of 7.259%, iYTW of 7.169%, CCC+ Rating from S&P, XO- (equivalent to BB+) Rating from Valens, Low Refinancing Need

June 11, 2024

  • Credit markets are accurately stating QRTE.A’s credit risk with a YTW of 7.259% relative to an Intrinsic YTW of 7.169% and an Intrinsic CDS of 161bps.

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