EFTA Document EFTA01385453

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite AK Steel Holding Corporation (AKS): Gloomy Anticipated 40 Results Likely the Bottom; Entire Structure up to BUY Investment Thesis Despite what we would characterize as a rather less-encouraging quarter from the integrated steelmaker in 3017, we still see value in AKS' outstanding notes and expect them to appreciate from today's levels once we get past what will likely be a dismal Q4-2017. AKS guided to lackluste