Distressed companies are moving assets out of lenders’ reach to raise new funds and buy time as higher interest rates and a slower economy bite. These controversial debt moves — known as drop-downs — are fueling a rash of creditor lawsuits, according to Reshmi Basu, who covers distressed debt for Bloomberg News. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Bloomberg Intelligence analyst Himanshu Bakshi about winners and losers in the financial sector. A steep decline in First Republic’s stock revives concerns about the health of banks, but most are in good shape and credit-card issuers are well-placed to ride out a US recession, Bakshi says.

<p>Distressed companies are moving assets out of lenders’ reach to raise new funds and buy time as higher interest rates and a slower economy bite. These controversial debt moves — known as drop-downs — are fueling a rash of creditor lawsuits, according to Reshmi Basu, who covers distressed debt for Bloomberg News. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie also talks to Bloomberg Intelligence analyst Himanshu Bakshi about winners and losers in the financial sector. A steep decline in First Republic’s stock revives concerns about the health of banks, but most are in good shape and credit-card issuers are well-placed to ride out a US recession, Bakshi 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

Divisive Debt Maneuvers; Bank Stress Returns

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/168df8d9-4ed0-4829-9bd5-aff100fb36b0/transcript

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