US-style creditor-on-creditor violence spreading to Europe is a worry for loan investors, according to Camille McLeod-Salmon, portfolio manager at Fidelity International. “What we are focused on is this move that’s in the US towards creditor-on-creditor violence — and the shift that you’ve had there — and that translating into Europe,” she said. London-based McLeod-Salmon talks to Bloomberg News’ Lisa Lee and James Crombie and Bloomberg Intelligence’s Aidan Cheslin in the latest Credit Edge podcast. There are opportunities for investors in the technology and chemical sectors, she adds, predicting high-single-digit returns in European leveraged loans. Also in this episode, BI’s Cheslin weighs the outlook for Altice, which is shedding assets in a bid to reduce debt. The company has had to pay up to extend maturities and there’s a risk of divesting crown jewels in pursuit of fresh cash, Cheslin says. 

<p>US-style creditor-on-creditor violence spreading to Europe is a worry for loan investors, according to Camille McLeod-Salmon, portfolio manager at Fidelity International. “What we are focused on is this move that’s in the US towards creditor-on-creditor violence — and the shift that you’ve had there — and that translating into Europe,” she said. London-based McLeod-Salmon talks to Bloomberg News’ Lisa Lee and James Crombie and Bloomberg Intelligence’s Aidan Cheslin in the latest Credit Edge podcast. There are opportunities for investors in the technology and chemical sectors, she adds, predicting high-single-digit returns in European leveraged loans. Also in this episode, BI’s Cheslin weighs the outlook for Altice, which is shedding assets in a bid to reduce debt. The company has had to pay up to extend maturities and there’s a risk of divesting crown jewels in pursuit of fresh cash, Cheslin 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>

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Fidelity Fears Creditor Violence Spread; Altice Focus

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