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Geography Tags
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Nordic countries have much in common — including a growing appetite for private credit
5 months ago
Norway, Sweden and Denmark share many similarities. The ‘Nordic model’ includes high standards of living, free-market economies, liberal welfare states, a tendency for workers to unionise, and a relatively narrow gap between low and high earners. -
" CLOs do not introduce more credit risk, nor do they offer less liquidity, than comparable products"
1 year ago
The pressure facing some banks is self-inflicted. Their portfolios lack exposure to CLOs -
"Categorically shafting lenders to Chinese companies will drive out even the diehards"
2 years ago
The Evergrande saga shows that credit investors need to watch for dangers that are not clearly signposted -
"Alongside larger private equity funds, loan volumes will continue to grow"
2 years ago
Spire's Phil Bennett-Britton takes our credit quiz -
"Watch the IG credit curve — we may see steepening of IG 5s10s and flattening of 10s30s"
3 years ago
Stimulus measures are supporting short tenors, and pension demand for 30-year paper is strong, so 10-year IG credit may have few buyers -
People underestimate the impact they can have with ESG
3 years ago
Muzinich's Kirsten Bode takes our credit quiz -
CLO naysayers have made arb and cov-lite into dirty words — that should now change
3 years ago
Recent performance has shown that cov-lite loans and challenging arb don’t spell doom for CLOs -
We need to remove CLO misinformation from the market
3 years ago
Vibrant's Kashyap Arora takes our credit quiz -
The structured credit industry could promote its benefits more
3 years ago
Filippo Sampietro takes our credit quiz -
Some banks offer limited transparency, which makes cocos risky
3 years ago
Assenagon's Michael Huenseler takes our credit quiz -
They should have followed Revlon's Double Twist mascara slogan of 2009: "It's worth a double take"
3 years ago
Blockchain might not eradicate all problems in credit, but it should reduce human error -
Wirecard shows that in an era of ESG analysis, governance still gets relatively short shrift
3 years ago
Wirecard’s spectacular collapse raises questions for auditors, regulators and agencies -
Investors take comfort from an active secondary market, but liquidity can be a mixed blessing
3 years ago
One of the most interesting characteristics of credit behaviour during the coronavirus era has been the momentum of junk bonds, with sharp changes in issuer and investor confidence around the asset class driven by technical factors: near-zero interest rates, the Fed’s support of fallen angels and skewed-to-worse ratings for leveraged loans -
CLO investors should be able to see live secondary trading levels
4 years ago
Olga Chernova of Sancus Capital takes our credit quiz -
The opportunities to build par and spread within a CLO haven’t been this plentiful since 2009
4 years ago
Last year’s CLOs could become the benchmark for manager performance -
Private credit is not overcrowded — there is four times as much private equity dry powder
4 years ago
With much negative reporting around private credit, our columnist debunks oft-heard complaints -
If national income were a four-cylinder engine, the US economy is really only firing on one
4 years ago
The US economy’s reliance on consumers increases the likelihood of further rate cuts and diminishing returns for credit investors -
CLOs are pricing with an acronym premium rather than an illiquidity premium
John Popp of Credit Suisse Asset Management takes our credit quiz
4 years ago -
I still love to sit in front of computer screens to try and understand markets
4 years ago
Jochen Felsenheimer of Xaia Investment takes our credit quiz -
Experience has taught me to be sceptical of second lien loans
5 years ago
Alex Jackson takes our credit quiz -
Bubble-watchers cite the popularity of leveraged lending as evidence against it
5 years ago
Growth in direct lending has been strong — but the sector is tiny compared to equities or bonds -
Being the only provider in a deal allows us to be closer to the company
5 years ago
Tikehau's Cécile Mayer-Lévi takes our credit quiz -
Past returns: Columbia wins at long game
5 years ago
Ten years ago in Creditflux we reported on loan and bond holders squabbling as they sought to extract maximum value from LyondellBasell debt after the company filed for bankruptcy in January 2009 -
Private credit managers are partially insulated from daily market moves — for them it’s the dough, not the Dow
5 years ago
If asked about credit investing, Yogi Berra might have said take the fork in the road leading to private credit, says our columnist Randy Schwimmer -
Loan managers need an equity-like mindset instead of relying on docs
5 years ago
Octagon's Lauren Basmadjian takes our credit quiz and talks about buying CLO equity in 2009, the impact of technology on the retail sector and Eddie Murphy's 1980s heyday
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