Politics
Oaktree’s Poli Sees a $200 Billion ‘Distressed Moment’ Coming as Rates Stay High
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Oaktree’s Poli Sees a $200 Billion ‘Distressed Moment’ Coming as Rates Stay High Companies with $200 billion in debt face a reckoning as funding costs stay high and debt comes due over the next few years, according to distressed specialist Oaktree Capital Management. “If we do have [Federal Reserve Chair Kevin] Warsh really focused on inflation and rates go higher, that is going to put pressure on some borrowers,” said Danielle Poli, a managing director and co-portfolio manager at the firm....
Oaktree’s Poli Sees a $200 Billion ‘Distressed Moment’ Coming as Rates Stay High
Companies with $200 billion in debt face a reckoning as funding costs stay high and debt comes due over the next few years, according to distressed specialist Oaktree Capital Management.
“If we do have [Federal Reserve Chair Kevin] Warsh really focused on inflation and rates go higher, that is going to put pressure on some borrowers,” said Danielle Poli, a managing director and co-portfolio manager at the firm. “We also have a maturity wall that is coming,” she said on Bloomberg TV Tuesday.