• 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 Steve Flynn in the latest Credit Edge podcast. Mittal and Flynn also discuss the outlook for the telecoms and cable media sector, including consolidation and deleveraging.

    See omnystudio.com/listener for privacy information.
    Show More Show Less
Business & Careers Economics Personal Finance Politics & Government
Show More Show Less
activate_samplebutton_t1

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.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.