Credit’s Durability, Risk Concentrations, and Distressed Debt Exchanges

12/09/2025 12 min

Listen "Credit’s Durability, Risk Concentrations, and Distressed Debt Exchanges"

Episode Synopsis

This week, our 3 Things are:

Credit’s durability. Why has the asset class held up so well in 2025?
Risk concentrations. A couple are noteworthy and worth monitoring.
Distressed debt exchanges. We highlight a new report by Ed Altman and our own Eric Rosenthal.