22 min listen
Divisive Debt Maneuvers; Bank Stress Returns
Divisive Debt Maneuvers; Bank Stress Returns
ratings:
Length:
19 minutes
Released:
Apr 27, 2023
Format:
Podcast episode
Description
Distressed companies are moving assets out of lenders’ reach to raise new funds and buy time as higher interest rates and a slower economy bite. These controversial debt moves — known as drop-downs — are fueling a rash of creditor lawsuits, according to Reshmi Basu, who covers distressed debt for Bloomberg News. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Bloomberg Intelligence analyst Himanshu Bakshi about winners and losers in the financial sector. A steep decline in First Republic’s stock revives concerns about the health of banks, but most are in good shape and credit-card issuers are well-placed to ride out a US recession, Bakshi says.See omnystudio.com/listener for privacy information.
Released:
Apr 27, 2023
Format:
Podcast episode
Titles in the series (84)
Structured Credit; Healthcare Distress by The Credit Edge by Bloomberg Intelligence