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In this episode of Capital Markets View Patrick Drury Byrne, Head of Credit Markets Research, joins Chris to talk about a wide range of European issues including current rating performance trends, the profile of speculative grade issuers, tightening financing conditions and key sectors and themes to watch.

Chamath Palihapitiya, global tech investor and Founder of Social Capital and Naveen Sarma, Senior Director at S&P Global Ratings covering U.S Media & Entertainment joined Joe Cass on this episode of the podcast. Discussion spanned investment philosophy, how playing poker can assist prospective investors, the future of streaming and the importance of mental health. Sign-up here to be notified as soon as future episode are published View the series so far here

Diverging trends between benchmark rates and credit spreads in leveraged loan pricing in the majority of quarters over the past 15 years have kept loan funding costs in check, but the trend reversed in 2022. In this episode of The Upgrade podcast Ramki Muthukrishnan, Omkar Athalekar, and Minesh Patel discuss key highlights from our recently published article, " Leveraged Finance: Leveraged Loan Market Could Feel The Pinch Of Higher Benchmark Rates And Risk Premiums For A While ". Related Articles: Leveraged Finance: Leveraged Loan Market Could Feel The Pinch Of Higher Benchmark Rates And Risk Premiums For A While

We’re joined by our CLO team members Stephen Anderberg, Catherine Rautenkranz, William Sweatt, and Jeffrey Burton to discuss the evolving nature of U.S. CLO document provisions. A number of the recent developments in indenture provisions are geared towards increasing CLO manager flexibility, while others are responses to market and regulatory changes. We do a deep dive on these key changes and how they could potentially affect noteholders. Related Articles: Par Wars: U.S. CLO Document Provisions Evolve To Provide Managers More Flexibility

We’re joined by nontraditional ABS Analysts Deborah Newman and Rajesh Subramanian, as well Kapil Jain from Structured Finance Methodologies, who discuss our request for comment (RFC) for proposed updates to our global aircraft ABS criteria. We review some of the proposed changes, the implications in terms of ratings impact, and the next steps in the process. Related Article: Request For Comment - Global Aircraft ABS: Methodology And Assumptions

Joyce Chang, Chair of Global Research at JP Morgan joins Alexandra Dimitrijevic, Global Head of Research & Development at S&P Global Ratings and host Joe Cass on this episode of Fixed Income in 15. Discussion focused key themes that may affect financial markets in 2022-23, the evolution of ESG when thinking about an energy crisis, the impact of DeFi on TradFi and Joyce’s advice for young women pursuing a career in finance. Sign-up here to be notified as soon as future episode are published View the series so far here

Loan investors are becoming increasingly concerned about the risk of aggressive out-of-court restructurings, given weaker lender protections within credit documentation. In this episode of The Upgrade podcast Bek Sunnu, Steve Wilkinson, and Minesh Patel discuss key highlights from our recently published article, "Envision Healthcare Corp.'s Two Major Restructurings in 100 Days". "Credit FAQ: Envision Healthcare Corp.'s Two Major Restructurings In 100 Days" Sep 02, 2022 "EBITDA Addbacks Continue To Stack" Feb 08, 2022 "A Closer Look at How Uptier Loan Exchanges Leave Excluded Lenders Behind", June 15, 2021 "Default, Transition, and Recovery: Out-Of-Court Restructurings May Lead To Repeat Defaults Among Distressed U.S. And Canadian Corporates" May 11, 2021 A Look At "J. Crew Blocker" Provisions In Loan Agreements, Sep. 23, 2019

S&P Global Ratings' inaugural Asia-Pacific Financial Institutions Conference 2022 was hosted on September 28 and 29, 2022. The theme was on digitalization, inflation, and other shape-shifters. Click here to watch our conference replay.

This month's Capital Markets View sees a new face on the sofa, Ruth Yang, Managing Director, Global Head of Thought Leadership, S&P Global Ratings, joins Chris to talk about: The Leverage Finance market (very low volumes) Falling secondary pricing (albeit supported by multiple bids) The stalling of the economy, Where CCCs might go, The maturity wall and finally, S&P’s default rate predictions.