Financial expert Andrzej Skiba discusses the rising risks in private credit lending. Topics include the definition of private credit, the risky nature of the deals, the lack of data on performance during defaults, the illiquidity of the asset class, and the interplay between private credit and the rest of the fixed income universe.

Andrzej Skiba, Head of US Fixed Income at RBC Global Asset Management, dives into the potential challenges facing the private credit market as interest rates remain high. He emphasizes the advantages of public markets, citing better leverage profiles. Skiba, alongside analysts James Crombie and Mike Holland, explores upcoming trends in financial-sector debt, enticing opportunities in technology and media bonds, and strategies to navigate market volatility. They also touch on the implications of excessive leverage and the shifting landscape of high-yield securities.

Andrzej Skiba, managing director at RBC Global Asset Management, discusses dynamics in the 2024 leveraged finance market including market conditions, defaults, and the impact of inflation. The podcast also explores trends in fixed vs. floating rate debt, competition between private credit lenders and syndicated loan market, and bankruptcy cases overview.