21 min listen
Distressed Companies Dumping Assets; SBB Sinks
Distressed Companies Dumping Assets; SBB Sinks
ratings:
Length:
32 minutes
Released:
Jun 22, 2023
Format:
Podcast episode
Description
Troubled companies are selling assets to relieve pressure from rising rates, slumping earnings and a looming maturity wall, says Irene Garcia Perez, who covers distressed debt for Bloomberg News. But potential buyers are offering less than sellers hoped and some corporations are offloading trophy holdings to generate cash. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Tolu Alamutu about the outlook for SBB, the Swedish company at the epicenter of a property meltdown. The crisis is getting worse by the day and has significant implications for credit markets beyond Sweden.See omnystudio.com/listener for privacy information.
Released:
Jun 22, 2023
Format:
Podcast episode
Titles in the series (67)
Retailers in Distress; Wall Street Banks Look Solid by The Credit Edge by Bloomberg Intelligence