
Project codename cover on a colour block
Trading multiples plotted against a benchmark interest rate on a secondary axis, which is how a banker shows a re-rating is macro rather than idiosyncratic.
Source: Recreated as a native, fully editable PowerPoint slide from page 55 of Avangrid Project Lean Pitch Book 2024, a publicly published Moelis & Company deck. Not affiliated with or endorsed by Moelis & Company.
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