The future of credit analysis looks deeper
— and moves faster.
Bottom-up credit analysis. Top-down portfolio thinking. One connected environment.
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Information needs a home.
More information is now incremental. It's the context environment that matters.
Understand how the pieces fit together — and quickly enough to act decisively when it counts.
From the finer detail to the big picture.
Bottom-up construction. Top-down context. One complete view.
Top-down perspective
The broader context that shapes the opportunity and risk.
Coherence, house view
Across time and investment spaceEuropean B- and below
Assumptions, valuations, expectationsLong and short strategies
Opinionated, ideas led, time-stamped track recordSector dynamics
Trends, competition, economicsEvent driven
Scenarios, probability analysisYield
Boring, safe, maybe with a twistStrategy · Incentives
Operating performance
Segment trends, cost management, adjustmentsFinancial performance
Integrated models, back-tested, forward-lookingCash flow & liquidity
EBITDA to cash flow, quality of earningsCapital structure
Instruments, maturities, restructuring scenariosLegal structure
Game theory, offence, defenceDocumentation
Terms, covenants, rightsBottom-up research
The detailed analysis that reveals what's really happening.
Don’t just read, work.
Create detailed integrated scenarios by manipulating our forecasts.
One name, shown large. The same cube exists for every name in coverage. Illustrative issuer with invented figures: drag a gold handle along its rail to change an assumption.
Your research, connected.
Instead of moving between research, financial models, market data and documents, Sarria brings the pieces together around the issuer and the situation.
Discover
Find the right opportunities for you.
Understand
Play with assumptions and get a feeling.
Test
Run intricate scenarios on the fly, manually or in natural language.
Monitor
Save your forecasts and monitor them.
… all while next door they are still saving their first Excel draft.
Latest insights
The first write-up is only the starting point — research moves with the credit as it evolves.
Synthomer – The Race Just Started
As is typical for chemicals, performance is volatile and at any time, requires long maturities. Synthomer is a case in point and financing has years before maturities.
PizzaExpress – Picking Slim
One swallow does not a spring make, or so goes the saying. The company has been put up for sale at an eye-watering valuation, entirely out of reach based on performance in the last years.
Rekeep – Asset Disposals In Sharp Focus
At 76c, we have spent time reassessing Rekeep following the recent results and the pressure on EBITDA.
Cited by the market
Our analysts’ views, as quoted in the financial press.
In their words.
Unprompted feedback from the funds and managers who use Sarria.
Unconstrained views are the backbone of any serious special situations credit thesis. Sarria delivers these insights, which challenge my thinking—especially in cases where I hold a different view—sharpen my perspective, and add depth that is otherwise hard to access. Combined with the team’s experience and depth of analysis, Sarria has become an indispensable partner in my investment process.
Your modelling and analysis are the most comprehensive we’ve seen and the discussions with your analysts are always very useful.
By the way, I think your product is outstanding. I really like the approach you guys take.
We tend to profit most from your service when we agree to disagree on a name.
We are currently doing more private debt but need to keep up with trading opportunities, and Sarria covers most of those for us.
We like the product, and I especially think the topical calls are a great feature.
We very much enjoy the timeliness of all the comments being pushed by the analysts too. I find it extremely valuable; it does not need to be long, but it is great to see an immediate comment about the impact of specific news.