A confluence of higher debt levels, tightening central bank policies, and weakening growth are raising red flags around borrower credit quality as signs of financial strain are beginning to emerge. Against this backdrop and as a part of our integrated credit research processes, we remain on the lookout for issuer credit deterioration, both in the near and long term. Listen to this episode of PGIM Fixed Income’s All the Credit® podcast as Brian Barnhurst, CFA, Co-Head of Credit Research, and Gary Horbacz, CFA, Head of Securitized Products Research, share their insights on credit fundamental trends and vulnerabilities across the asset class, along with outlooks on defaults and loss expectations. Recorded on February 23, 2023.