Morgan Stanley’s credit trading desk is pitching a bet against bonds issued by Kronos Worldwide Inc, indicating expectations of widening spreads on the titanium-dioxide maker. Kronos was already under strain and the war in Iran has driven energy costs higher, raising downside risk to cash flows and bond valuations.
Morgan Stanley’s credit trading desk is pitching a bet against bonds issued by Kronos Worldwide Inc, indicating expectations of widening spreads on the titanium-dioxide maker. Kronos was already under strain and the war in Iran has driven energy costs higher, raising downside risk to cash flows and bond valuations.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.30
Ticker Sentiment
