Gary Horbacz

Brian Barnhurst, Co-Head of Credit Research at PGIM Fixed Income, and Gary Horbacz, Head of Securitized Products Research, delve into the current credit landscape. They discuss the growing concerns over borrower credit quality amid rising interest rates and economic pressures. The conversation covers the struggles in corporate credit and commercial real estate due to inflation and shifting work trends. Insights on consumer defaults reveal the resilience of certain job sectors, while also addressing the changing dynamics in lending practices.