Kaleidoscopic Credit: Searching for Clarity in an Atypical Credit Cycle

The current, compressed, and rapidly changing credit cycle, which has experienced dramatic swings in economics, policy, inflation, and corporate fundamentals, has been anything but typical. With a backdrop like this, investors’ and credit analysts’ heads are spinning trying to keep up! In this episode, Janet Crowe and Brian Barnhurst, CFA, PGIM Fixed Income’s Co-Heads of Credit Research, help us see the big picture in the underlying trends in corporate credit fundamentals, from earnings and leverage, to upgrades and downgrades, and more.

Host and Senior Portfolio Manager, Mike Collins, taps into the trio’s collective expertise to help assess how well equipped the corporate bond market is to withstand a potential slowdown. The episode also answers some key questions, including: which industries are likely to be the winners and losers as we move forward?; and where are the risks and opportunities? Find out in this episode of All the Credit®!

Recorded on June 27, 2022.