When fast-food chain Raising Cane’s tapped the US capital market this month, it revealed a $7.6 billion fortune held by CEO Todd Graves. Strong demand for the chicken-finger maker’s bonds highlights growing investor appetite for risky debt as the US economy appears headed for a soft landing, Bloomberg News reporter Michael Tobin tells Bloomberg senior editor James Crombie in this episode of the Credit Edge podcast. And it shows consumer spending holding up despite inflationary pressures, Tobin says. Also in this episode, Bloomberg Intelligence senior analyst Mike Holland weighs the outlook for US health care. Some highly-indebted companies like Community Health Systems and Bausch Health are hitting a wall as liquidity dries up, while others like HCA Healthcare are thriving, Holland says.

<p>When fast-food chain Raising Cane’s tapped the US capital market this month, it revealed a $7.6 billion fortune held by CEO Todd Graves. Strong demand for the chicken-finger maker’s bonds highlights growing investor appetite for risky debt as the US economy appears headed for a soft landing, Bloomberg News reporter Michael Tobin tells Bloomberg senior editor James Crombie in this episode of the Credit Edge podcast. And it shows consumer spending holding up despite inflationary pressures, Tobin says. Also in this episode, Bloomberg Intelligence senior analyst Mike Holland weighs the outlook for US health care. Some highly-indebted companies like Community Health Systems and Bausch Health are hitting a wall as liquidity dries up, while others like HCA Healthcare are thriving, Holland says.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

The Credit Edge by Bloomberg Intelligence

Chicken-Finger Billionaire Unmasked; Health Care Woes

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/97a74fad-e02b-4438-9988-b0c2012523b6/transcript

Advertisement