Tear Sheet: HSE Finance S.a.r.l. - S&P Global Ratings’ Credit Research

Tear Sheet: HSE Finance S.a.r.l.

Tear Sheet: HSE Finance S.a.r.l. - S&P Global Ratings’ Credit Research
Tear Sheet: HSE Finance S.a.r.l.
Published Sep 21, 2023
5 pages (2165 words) — Published Sep 21, 2023
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Consumer sentiment in Germany remains weak and well below the long-term average. The recovery has stagnated since July 2023, after a gradual improvement during the first half. Our expectation is in line with the decreasing number of active customers during the first half of 2023, while TV viewership remains stable as potential customers continue to watch, but are reluctant to buy. We expect that volumes will remain at low levels in the first half of 2024, as macroeconomic headwinds in the Germany, Austria, and Switzerland (DACH) region will persist, with a potential upside for volume growth in the second half of 2024. We expect that profitability in the DACH region will improve in 2023, after the heavy discounting at the

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... @spglobal.com Abigail Klimovich, CFA London 44-20-7176-3554 abigail.klimovich @spglobal.com...

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Global Issuers
Europe, Middle East, Africa
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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S&P Global Ratings’ Credit Research. "Tear Sheet: HSE Finance S.a.r.l." Sep 21, 2023. Alacra Store. Dec 02, 2023. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-HSE-Finance-S-a-r-l-3058816>
S&P Global Ratings’ Credit Research. (). Tear Sheet: HSE Finance S.a.r.l. Sep 21, 2023. New York, NY: Alacra Store. Retrieved Dec 02, 2023 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-HSE-Finance-S-a-r-l-3058816>
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