Weakening Credit and Tightening Lending Conditions Drive Compelling Value

Sharply rising interest rates, a slowing economy, and tighter lending conditions are leaving many highly leveraged borrowers straining to service their debts. Here, Dan Ivascyn, group chief investment officer, Christian Stracke, global head of credit research, and Adam Gubner, corporate special situations portfolio manager, review PIMCO’s market perspective with Neal Reiner, alternative credit strategist. They discuss the challenges facing public and private credit markets and why they see a better value and risk profile in opportunistic corporate credit strategies than in traditional private...