• Pimco Says Private Credit Doesn’t Pay as Hazards Grow

  • Oct 17 2024
  • Length: 47 mins
  • Podcast

Pimco Says Private Credit Doesn’t Pay as Hazards Grow

Listen for free

View show details

  • Summary

  • Private debt doesn’t offer high enough returns to justify the growing risks, according to Pimco. “Fundamentals are deteriorating in more levered portions of the credit markets,” said Mohit Mittal, chief investment officer for core strategies at Pimco. “You’re seeing more complacency, so you have to be very thoughtful, you have to be very careful.” Investment-grade direct lending pays only half the premium needed to compensate for worse liquidity than in public markets and rising fundamental concerns, Mittal tells Bloomberg News’ James Crombie and Irene Garcia Perez and Bloomberg Intelligence’s Stephen Flynn in the latest Credit Edge podcast. Mittal and Flynn also discuss the outlook for the telecoms and the cable media sector, including consolidation and deleveraging.

    See omnystudio.com/listener for privacy information.
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Pimco Says Private Credit Doesn’t Pay as Hazards Grow

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available