21 min listen
Bankruptcy Wave Has Only Just Begun; Utility Refuge
Bankruptcy Wave Has Only Just Begun; Utility Refuge
ratings:
Length:
26 minutes
Released:
May 18, 2023
Format:
Podcast episode
Description
Companies are going bankrupt at the fastest pace since 2009 and there’s no end in sight as rates rise and the economy sputters, according to Jeremy Hill, who covers distressed debt for Bloomberg News. Lenders are no longer providing fresh liquidity to zombie firms across sectors -- from retail to commercial real estate -- leaving them to perish. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Bloomberg Intelligence credit analyst Jaimin Patel about the outlook for US utilities, a refuge from heightened economic and financial stress. Patel weighs the risks -- including access to capital markets and the impact of higher rates -- as well as the ESG opportunities for investors. See omnystudio.com/listener for privacy information.
Released:
May 18, 2023
Format:
Podcast episode
Titles in the series (68)
Retailers in Distress; Wall Street Banks Look Solid by The Credit Edge by Bloomberg Intelligence