Corporate collapse and allegations of fraud hog the headlines, but a slumping US economy is much more troubling for debt markets, according to Monarch Alternative Capital. “There are large portions of the economy that are hurting,” Adam Sklar, the firm’s co-chief investment officer, tells Bloomberg News’ Irene Garcia Perez and Bloomberg Intelligence’s Negisa Balluku in the latest Credit Edge podcast. “That is a more notable element to the corporate-credit story right now than super-loose underwriting or fraud,” Sklar says. They also discuss private credit stress, opportunity in auto, chemicals and packaging debt and risks to software companies.

<p>Corporate collapse and allegations of fraud hog the headlines, but a slumping US economy is much more troubling for debt markets, according to Monarch Alternative Capital. &ldquo;There are large portions of the economy that are hurting,&rdquo; Adam Sklar, the firm&rsquo;s co-chief investment officer, tells Bloomberg News&rsquo; Irene Garcia Perez and Bloomberg Intelligence&rsquo;s Negisa Balluku in the latest Credit Edge podcast. &ldquo;That is a more notable element to the corporate-credit story right now than super-loose underwriting or fraud,&rdquo; Sklar says. They also discuss private credit stress, opportunity in auto, chemicals and packaging debt and risks to software companies.</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

Monarch Sees Bigger Hazard Than Fraud 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1ef123d1-06d3-446d-a097-b37f011bcfbf/transcript

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