Latest news with #CreditEdge
Bloomberg
27-04-2025
- Business
- Bloomberg
BlackRock Sees Credit Market Risks Rising as Trade War Rages on
Risky corporate-debt markets have room to drop further to reflect damage from the ongoing trade war, according to BlackRock Inc. 'We're likely to see spreads widen from here as we see further deterioration in risk assets and in overall credit quality,' Mitch Garfin, the firm's co-head of leveraged finance, said on Bloomberg Intelligence's Credit Edge podcast.
Bloomberg
17-04-2025
- Business
- Bloomberg
Stressed Consumer Firms Need Tight Inventory, AlixPartners Says
Distressed retailers and consumer-products firms are having a tough time finding ways to generate liquidity as tariffs threaten their balance sheets, according to restructuring veteran Holly Etlin. 'It's all about cost reduction' for retailers right now, Etlin — a managing director at AlixPartners who in recent years served as chief restructuring officer for Bed Bath & Beyond Inc. and Tailored Brands Inc. — said on Bloomberg Intelligence's Credit Edge podcast. 'It's about making sure you're as diversified as you can be.'
Bloomberg
17-04-2025
- Business
- Bloomberg
Trade War Is Driving Retailers Nuts, Says Alix's Etlin
Tariff chaos has tossed retailers into a crisis similar to Covid in 2020, leaving them unable to plan ahead, according to AlixPartners, the financial advisory and global consulting firm. 'It's a little crazy and retailers are canceling orders,' Holly Etlin, a partner at the firm and restructuring veteran, tells Bloomberg News' Reshmi Basu and Bloomberg Intelligence's Stephen Flynn in the latest Credit Edge podcast. There's a 'real crisis, everybody going nuts,' she added, referring to pricing, inventory and shipping decisions that retailers are trying to make. Etlin also discusses the impact of elevated bankruptcy costs, the outlook for more coercive liability management exercises, how retailers are using asset-based loans as a lifeline and the turnaround of Tailored Brands.
Bloomberg
10-04-2025
- Business
- Bloomberg
Distressed Specialist Aptior Sees Opportunity in Chaos
Global market turmoil opens a window for credit investors in companies with too much debt, according to London-based Aptior Capital, which specializes in distressed debt and rescue finance. 'All this volatility, it throws up even more opportunities,' founder Rudi Singh tells Bloomberg News' Giulia Morpurgo and Bloomberg Intelligence's Tolu Alamutu in the latest Credit Edge podcast. 'These are very good businesses and it really has been the old adage of good company, bad cap structure.' Morpurgo and Alamutu also discuss the firm's target of 20% returns, a shift to Europe by US investors, liability management, real estate and auto sector stress.
Bloomberg
27-03-2025
- Business
- Bloomberg
JPMorgan Sees Credit Risks Rising as Trade War Bites
Fundamental and technical pressures on credit markets are growing as trade wars escalate, according to JPMorgan Asset Management. 'We just need to be paid a little bit more for the uncertainty risk now in the market,' said Lisa Coleman, the firm's head of global investment-grade corporate credit. 'The technicals from where we were at the beginning of the year have deteriorated,' Coleman, who manages $73 billion in assets, tells Bloomberg News' James Crombie and Bloomberg Intelligence's Jody Lurie in the latest Credit Edge podcast. Coleman and Lurie also discuss the earnings outlook for US companies, opportunities in consumer, health care and bank debt and fund flows.
