Parul Garg

Now may be an ideal time to lean into a stressed and distressed debt mandate. The quality of companies experiencing credit stress has never been higher.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Distressed debt: Which sectors offer value?

The current environment may be the best that credit investors have seen in at least a generation

For investors the risk focus has shifted from the rising cost of capital to refinancing. Some companies are rolling over debt early even at higher rates, to avoid potentially not being able to do so at all later on.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Risk and reward in stressed and distressed debt

Nominal interest rates now outpace the rate of economic growth. This has significant implications for debtors whose earnings grow slower than the...