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CLOs Stage a Comeback; Shipping’s in Dire Straits
Published 2 years, 11 months ago
Description
Signs of life in collateralized loan obligations signal credit market healing, according to Bloomberg News’ Lisa Lee. But it’s too early to predict broad and sustained recovery as interest rate and macroeconomic risks abound. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also asks Bloomberg Intelligence analyst Stephane Kovatchev about growing stress on the container shipping sector as demand crumbles. Smaller companies are most threatened by a steep drop in freight rates after a Covid-19-era windfall.
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