Should we worry about private credit?

Should we worry about private credit?

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Heatwaves and waterways

With Europe’s record-breaking heat and droughts this summer, water levels in Germany's Rhine river have reached historic lows. Today on the show, Katie Martin talks with FT Frankfurt bureau chief Olaf Storbeck about the long-term effects on the economy and how the country is deal ...  Show more

Does the market know anything about oil?

US reserves are the lowest they have been for many decades. Today on the show, Katie Martin and the FT’s Energy Editor Malcolm Moore try to figure out why the market has remained calm and if it will finally freak out. Also they go long Bank of America chief executive Brian Moynih ...  Show more

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Private credit’s ‘golden era’ shows signs of tarnish
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Private credit took Wall Street by storm. But at a software company called Pluralsight, recent loan troubles are now highlighting risks that could be hidden in the sector. The FT’s senior US corporate finance correspondent Eric Platt and Due Diligence reporter Amelia Pollard w ...

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The case for private credit
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How will rising uncertainty about the global economy and markets affect the outlook for private credit? Goldman Sachs’ James Reynolds, global co-head of private credit in Goldman Sachs Asset Management, and Lotfi Karoui, chief credit strategist and head of credit, mortgages and s ...  Show more

Federated Sees Private Debt Red Flags; AT1 Boom
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Private credit’s rapid growth and lack of transparency are concerns to be monitored as funding costs jump, says Fraser Lundie, head of fixed income at Federated Hermes in London.  Steep rises in interest payments for lower-rated companies are “not going to be absorbed cleanly and ...  Show more

Private Debt Defaults Accelerate; China’s Bond Mess
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Companies that borrowed from private markets are struggling to pay as interest rates surge, according to Bloomberg News’ Kat Hidalgo. There’s more distress to come amid record levels of fundraising and ever-increasing deal sizes, Hidalgo says. In this episode of the Credit Edge P ...  Show more