Discontinuation of Credit Coverage Emerging Market Bonds

UBS has discontinued coverage for 11 emerging market bond issuers, including Axtel, Oi SA, and others, due to strategic resource reallocation and changes in bond status. Investors are advised that prior ratings and recommendations for these entities are no longer valid.

Key Takeaways

• 1.UBS is discontinuing coverage of 11 emerging market issuers due to resource reallocation, lack of outstanding international bonds, or mergers.
• 2.Previous ratings and relative value recommendations for the affected issuers should no longer be relied upon.

Table of Contents

• Discontinuation of credit coverage
• UBS CIO risk views
• UBS CIO valuation views
• Sell recommendations
• For Credit Suisse clients
• Issuer valuation views
• Required Disclosures

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