20 min listen
Loan Defaults Outpace Bonds; Country Garden Woes
Loan Defaults Outpace Bonds; Country Garden Woes
ratings:
Length:
25 minutes
Released:
Aug 17, 2023
Format:
Podcast episode
Description
Companies with floating-rate debt are feeling the pain of higher interest costs as leveraged loan defaults outpace that of junk bonds, Bloomberg News’ Jill Shah, says. The one-year default rate for US loan borrowers has soared to 4%, an analysis by Morgan Stanley shows. Also on this episode of the Credit Edge podcast, Bloomberg News corporate finance reporter Olivia Raimonde chats with Bloomberg Intelligence analyst Daniel Fan who covers China properties. He walks us through the debt crisis unfolding at distressed Chinese developer Country Garden.See omnystudio.com/listener for privacy information.
Released:
Aug 17, 2023
Format:
Podcast episode
Titles in the series (69)
High-Yield Boom; Communications Focus: Credit Edge by The Credit Edge by Bloomberg Intelligence