Octus on Credit: Distressed debt suspended between opportunism and pessimism

This is a period of uncertainty. The back and forth on global tariffs, elevated geopolitical tensions and a lingering anxiety of what-comes-next has almost frozen the stressed and distressed credit market. Investors are not selling, and trying to buy the dip. Advisors are looking for new mandates, with not much luck yet. Those who expected a Covid 19-like collapse have been proven wrong. Everyone’s question is: will things get worse, before getting better again?

Apart from some clear outliers – automotive, chemicals, oil and gas – it is not easy to identify sectors and credits that will suffer the most from the direct or indirect impact of tariffs, as the whole scenario is in a constant flux. This is the uncertainty we were talking about, and the business world does not like it.

In this context, Octus continues to publish news and analysis to help subscribers navigate this new unpredictable world, including: 

• First-to-market news on the mid-market, with everything from smaller, opportunistic Italian names to the details on Selecta’s recapitalization agreement
• Courtroom reporting on Petrofac
• All the latest on sovereign debt, including the details and impact of Ukraine’s weakening eurobonds