

The Credit Edge by Bloomberg Intelligence
Bloomberg
The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.
Episodes
Mentioned books

Oct 30, 2025 • 50min
Crossmark Says Investors Are Too Complacent About Market Risks
 Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, discusses investor complacency amid recent debt-market turbulence. She highlights the risk of higher rates impacting smaller companies and lower-rated issuers facing refinancing challenges. The conversation shifts to credit opportunities related to AI infrastructure and the need for caution in evaluating popular tech valuations. Fernandez also emphasizes the importance of balancing responsible investing with performance, arguing that thoughtful credit strategies can minimize emerging risks while maintaining returns. 

Oct 23, 2025 • 45min
Monarch Sees Bigger Hazard Than Fraud
 Adam Sklar, Co-Chief Investment Officer at Monarch Alternative Capital, discusses critical trends affecting corporate credit and investment strategies. He emphasizes that a declining US economy poses a bigger threat than fraud, highlighting widespread economic pain. Sklar points to sectors like autos and chemicals as potential opportunities while warning of risks in software companies. He also examines how tariffs impact consumer prices and explores the role of loan modifications in restructuring, revealing that careful monitoring is essential in a volatile landscape. 

Oct 16, 2025 • 49min
Ares Says Private Lenders Are Better Placed Than Public to Avoid Pain
 Joel Holsinger, Partner at Ares Management, shares his insights on why private credit can better weather market blowups compared to public debt. He emphasizes the extensive due diligence allowed in private lending, which can unearth risks before they become crises. The conversation also covers the growing sectors of asset-backed finance and data-center lending. Holsinger highlights the need for cautious underwriting, especially amid potential market overheating, while also discussing innovative transactions and the importance of maintaining selective investment strategies. 

Oct 9, 2025 • 51min
Aegon Is Worried About Junk-Debt Blowups
 Jim Schaeffer, Global Head of Leveraged Finance at Aegon Asset Management, discusses the looming distress in highly indebted companies as the economy slows. He shares insights on third-quarter earnings, the implications of lower interest rates, and the distinct stress patterns across sectors like chemicals and food. Schaeffer also emphasizes the importance of understanding consumer behavior and the risks associated with public versus private credit markets, all while urging caution around late-cycle investment trends. 

9 snips
Oct 2, 2025 • 45min
CLOs Are Tough to Blow Up, Crescent Says
 John Fekete, head of tradable credit at Crescent Capital Group, shares insights from his extensive experience in corporate credit. He discusses the resilience of collateralized loan obligations (CLOs), especially those backed by middle-market borrowers, and why they're tough to disrupt. John highlights the current climate of manageable leverage, the growth of private credit, and emerging opportunities in healthcare and services sectors. He also explores the impact of recent interest rate cuts on borrowers, emphasizing the importance of smart manager selection in preserving CLO value. 

43 snips
Sep 25, 2025 • 43min
BlackRock Says CLOs Are Among Best Relative Value Picks in Credit
 James Turner, co-head of European Fundamental Fixed Income at BlackRock, shares insights from his extensive background in leveraged finance and CLO strategies. He emphasizes that collateralized loan obligations present one of the best relative value picks in the credit markets. The discussion explores sector opportunities in autos, healthcare, and chemicals, along with the outlook for defaults and recoveries in leveraged finance. Turner also highlights the importance of nimble credit strategies and the impact of rising defense spending on market dynamics. 

16 snips
Sep 18, 2025 • 44min
Blackstone Says Private Credit Pays a Lot Better Than Liquid Debt Markets
 Michael Zawadzki, Chief Investment Officer of Blackstone Credit & Insurance, shares insights on the allure of private credit, highlighting its 150-200 basis points premium over traditional debt markets. He explains why speed and value are attracting borrowers to direct lenders and the growing interest from insurers in long-duration private investments. The conversation also touches on the potential in data center financing, the competitive landscape of managers, and the anticipated rise in mergers and acquisitions as the market evolves. 

25 snips
Sep 11, 2025 • 45min
US Law Firm Gibson Dunn Is Chasing a Big Distressed Debt Opportunity in Europe
 In this engaging discussion, Scott Greenberg, the Global Chair of Business Restructuring at Gibson Dunn, shares insights on the burgeoning distress debt market in Europe. He highlights how legal strategies used in the US are being adapted for European clients amidst rising financial challenges, particularly in France. Greenberg explores the complexities of navigating credit markets and the differences in restructuring practices between Europe and the US. Listeners will gain a deeper understanding of how strategic legal advice is essential in these turbulent times. 

Sep 4, 2025 • 47min
RBC BlueBay Says Public Credit is ‘Far Superior’ to Private Debt
 Join Tom Moulds, Senior Portfolio Manager at RBC BlueBay, as he discusses why public credit trumps private debt. With over a decade managing European corporate strategies, Moulds emphasizes the advantages of liquidity and visibility in public markets. He also touches on the rise of financial stress in real estate and the interplay between defense spending and sustainable investing. With lurking macro risks, Moulds offers insights on navigating today’s turbulent credit landscape and the potential pitfalls of private debt investments. 

8 snips
Aug 28, 2025 • 42min
Moody’s Expects LBOs to Make a Comeback
 Christina Padgett, Associate Managing Director at Moody's and credit market expert, discusses the anticipated resurgence of leveraged buyouts (LBOs), particularly in tech and healthcare. She highlights the need for market adjustments due to capital overflow and explores the risks facing lower-rated companies in the current environment of rising interest rates. Tune in to hear about distressed debt exchanges, the forecast for decreasing default rates, and the evolving dynamics of private and public credit markets, all packed with insightful analysis! 


