Bloomberg Markets with Carol Massar and Cory Johnson.

GUEST:
Joel Levington
Senior Analyst:US Credit
Bloomberg Intelligence
Discussing what a downturn would look like in autos, given the high level of interest. Punch line is that a moderate decline, akin to what has been experienced in the past, would lead some suppliers to trip loan covenants and most to have metrics outside of what rating agency expectations are -- yet none of that is priced in the bonds.

<p>Bloomberg Markets with Carol Massar and Cory Johnson.

GUEST:
Joel Levington
Senior Analyst:US Credit
Bloomberg Intelligence
Discussing what a downturn would look like in autos, given the high level of interest. Punch line is that a moderate decline, akin to what has been experienced in the past, would lead some suppliers to trip loan covenants and most to have metrics outside of what rating agency expectations are -- yet none of that is priced in the bonds.</p>

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

<p>Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;</p>

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Bloomberg Markets: Auto Debt May Be A Lot of Junk In The Trunk

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ddf518e-6ae9-470e-8e93-ae2b00f1fdbb/transcript