There are potential catalysts for the debt of cruise lines like Carnival and Royal Caribbean, as well as Rolls Royce and Ford, according to Bloomberg Intelligence. BI senior analysts Stephen Flynn and Aidan Cheslin join James Crombie of Bloomberg News in this edition of BI’s Credit Edge podcast to discuss the outlook for US and European credit, identifying situations where their teams’ research differs with consensus. UBS and Jaguar Land Rover have bonds trading wide to peers that could tighten, while others like Disney and Chesapeake face significant headwinds. Flynn and Cheslin also discuss the macroeconomic and geopolitical outlook and risks of a broad credit-market correction. “There seems to be a lack of confidence in the rarefied valuation levels we’re at,” said Cheslin. “That’s something that can unwind pretty quickly.”
Please note: The Credit Edge podcast is going on vacation, and won’t be published Aug. 8. The next episode will be on Aug. 15.
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