Richards Says Defaults, Downgrades Will Ramp Up

Описание к видео Richards Says Defaults, Downgrades Will Ramp Up

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.

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