Bloomberg Law
May 26, 2023, 12:00 PM

Credit Brief: Losing 80% on Loans; What Debt Ceiling Risk?

Taryana Odayar
Caleb Mutua
Caleb Mutua
Bloomberg News

Read the weekly Credit Brief here.

  • Distressed leveraged loans are trading at levels implying recoveries of 20 cents on the dollar, far below historical norms of around 70 cents;
  • Credit markets are remarkably unperturbed about a possible US Treasury default;
  • Why US corporate profits reached fresh records in the first quarter.

The Credit Brief is published every Thursday at 4 p.m. ET. Subscribe here.

To contact the reporters on this story:
Taryana Odayar in New York at;
Caleb Mutua in New York at

To contact the editors responsible for this story:
Nina Trentmann at ...

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