The Global Credit Outlook: Finding Opportunities in Public and Private Credit Amid an Uncertain Recovery

While valuations have risen from their March lows, dislocation has created compelling opportunities in both the public and private credit markets.

The COVID-19 pandemic has rattled global financial markets and disrupted traditional sources of credit market liquidity. And while credit valuations have risen from their lows in the initial weeks of the global health crisis, there are still opportunities to be found in the current market and those that will likely present themselves over the coming quarters. In the following Q&A, Mark Kiesel, CIO global credit, and Jamie Weinstein, head of corporate special situations, examine the global credit outlook.

Q: A lot has changed in just a few months, but it appears we’re on the road to recovery. Let’s start with a high-level overview. How would you assess the current state of the credit markets?

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The Author

Mark R. Kiesel

CIO Global Credit

Jamie Weinstein

Portfolio Manager, Head of Corporate Special Situations




Please note that the preceding contains the opinions of the manager as of the date noted, and may not have been updated to reflect real-time market developments. All opinions are subject to change without notice.

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The COVID-19 crisis is represented by periods in February and March 2020, reflected by major market index drawdowns. The COVID-19 Crisis is ongoing and the noted time period is used to clarify the significant market movements during this period of the pandemic. The COVID-19 Crisis representation may not be reflective of the current market environments.

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