Collateralized loan obligations are a credit safe haven as highly-indebted companies get dragged down by economic slowdown, according to PGIM Fixed Income. “These structures are bulletproof,” Greg Peters, the $860 billion asset manager’s co-chief investment officer, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Matthew Geudtner in the latest Credit Edge podcast. “The loan market could really come upon hard times and these structures will be fine,” says Peters, referring to higher-rated CLO tranches. Peters and Geudtner also discuss how to profit from liability management exercises, private debt relative value and growing default risk in the consumer and hospitality sectors.

<p>Collateralized loan obligations are a credit safe haven as highly-indebted companies get dragged down by economic slowdown, according to PGIM Fixed Income. &ldquo;These structures are bulletproof,&rdquo; Greg Peters, the $860 billion asset manager&rsquo;s co-chief investment officer, tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Matthew Geudtner in the latest Credit Edge podcast. &ldquo;The loan market could really come upon hard times and these structures will be fine,&rdquo; says Peters, referring to higher-rated CLO tranches. Peters and Geudtner also discuss how to profit from liability management exercises, private debt relative value and growing default risk in the consumer and hospitality sectors.</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

PGIM Lauds ‘Bulletproof’ CLOs as Credit Risks Rise

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9e38640a-77e9-4db4-810f-b2fa00f473d2/transcript

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