21 min listen
Riskiest Distress Bet Advances; Revenge Spend Wins
Riskiest Distress Bet Advances; Revenge Spend Wins
ratings:
Length:
21 minutes
Released:
Apr 20, 2023
Format:
Podcast episode
Description
The restructuring of China Evergrande’s massive debt pile has been one of the riskiest bets in all of distressed investing. Redwood and Saba are among funds that recently endorsed a plan hammered out by the property-development giant and global creditors, according to Rachel Butt, a reporter at Bloomberg News in New York. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Bloomberg Intelligence analyst Matthew Geudtner about junk borrowers heading for investment grade despite macroeconomic headwinds. Companies in the travel and leisure sector are doing particularly well amid “revenge spending” by US consumers with pent-up demand after years of Covid-19 restrictions. Howmet Aerospace, an aircraft material supplier, is one to watch, Geudtner says. See omnystudio.com/listener for privacy information.
Released:
Apr 20, 2023
Format:
Podcast episode
Titles in the series (68)
Retailers in Distress; Wall Street Banks Look Solid by The Credit Edge by Bloomberg Intelligence