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Debt Market Titans See Fiscal Risks and Rising Defaults

Summary by Financial Post

(Bloomberg) — Apollo Global Management Inc.’s James Zelter is “skeptical” of an economic soft landing. Ares Management LLC co-founder Michael Arougheti is concerned about the risk of a fiscal accident. Defaults will rise in coming years as riskier debt comes due for refinancing, according to Joshua Easterly of Sixth Street Partners LLC and hedge fund manager Hamza Lemssouguer.

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Debt Market Titans See Fiscal Risks and Rising Defaults

(Bloomberg) — Apollo Global Management Inc.’s James Zelter is “skeptical” of an economic soft landing. Ares Management LLC co-founder Michael Arougheti is concerned about the risk of a fiscal accident. Defaults will rise in coming years as riskier debt comes due for refinancing, according to Joshua Easterly of Sixth Street Partners LLC and hedge fund manager Hamza Lemssouguer.

2 years ago·Canada

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Financial Post broke the news in Canada 2 years ago on Saturday, September 23, 2023.

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