More companies are going bust not long after securing cash that was supposed to save them, highlighting growing stress as rates rise and the economy slows, says Amelia Pollard, who covers distressed debt for Bloomberg News. More of these so-called liability management deals are expected to fail, making bankruptcies messier and more complex. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also quizzes Bloomberg Intelligence analyst Mike Campellone on the retail outlook, with consumers under pressure. Department stores like Macy’s and Target are poised to do better, while Under Armour is seen as a laggard.
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The Credit Edge by Bloomberg Intelligence