EFTA Document EFTA01385295

3 January 2018 HY Corporate Credit HY Multi Sector.Media, Cable & Satellite Chemicals Outlook Jordan Hollander, (+ Chemicals: Market Perform Relative to DB High Yield Index Continued low-cost feedstocks with similar margins for the Chemicals actor Our basic theme for 2018 for the Chemicals sector is a continued benefit of low-cost feedstocks for commodity producers leading to another year of solid margins. Margins are expected to be at a similar level as in 2017, which represents a lev