3min chapter

 The Insight by Oaktree Capital cover image

Performing Credit Quarterly 1Q2023: Flight Risk

The Insight by Oaktree Capital

CHAPTER

The Credit Pickers Market in 1Q2023

The risk of widespread defaults in 2023 remains low. Issuers' fundamentals are fairly healthy despite the slowdown in economic growth. Near-term maturities are minimal following the wave of refinancings in 2020-2021. The US default rate over the last 12 months was only 1.3%. We believe we're in a credit pickers market, and that dispersion by sector and issuer is likely to increase moving forward.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode