Richards Says Defaults, Downgrades Will Ramp Up

Richards Says Defaults, Downgrades Will Ramp Up

The stress on extremely levered firms goes to continue by the next two quarters amid the fresh elevated-for-longer charge environment, in response to Bruce Richards, chief govt officer of Marathon Asset Management. Richards, talking on “Bloomberg Markets,” also says default rates might perhaps well well originate up spiking, and commercial proper property and wars in Ukraine and Israel are worrisome for investors.

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