Valens Credit Weekly Insights for February 24, 2021

Credit and Market Mispricings
Most Compelling Credit v Equity Market Mispricings
CYH, DISH, EXPE, LB, UIS
Most Compelling Credit Rating Dislocations
BZH, CSTM, CYH, DBD, GIS, HCC, NFLX, VREX, WBT, X
Most Compelling CDS Market Mispricings
AN, BZH, CSTM, DAL, DISH, MAT, MGM, R, UIS, X
Most Compelling Bond Market Mispricings
BZH, CAR, DBD, GM, HCA, MGM, NFLX, UHS, WBT, X

Highlighted Top Ideas
DRI – Darden Restaurants, Inc.
GPS – The Gap, Inc.
WBT – Welbilt, Inc.