Morgan Stanley Traders Pitch Travelodge’s Unloved Bonds as a Buy

Morgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt this year.

By Edward Clark · Bloomberg Markets

Morgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt this year.