Bloomberg Television published this video item, entitled “Richards Says Defaults, Downgrades Will Ramp Up” – below is their description.
The strain on highly levered companies is going to continue through the next two quarters amid the current higher-for-longer rate environment, according to Bruce Richards, chief executive officer of Marathon Asset Management. Richards, speaking on “Bloomberg Markets,” also says default rates could start spiking, and commercial real estate and wars in Ukraine and Israel are worrisome for investors.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
Bloomberg Television YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.