HPS's Puri on Credit Markets, M&A, Rate Hikes

The video discusses current trends in debt markets, highlighting creditor protections and the limited supply of new issues. It examines market volume, deal flow, and refinancing trends, noting challenges in new market issues and high private equity valuations. Concerns about rate hikes, inflation, and financial conditions are addressed, while optimism in credit markets is noted due to high coupon rates.

What are the main worries expressed about the current financial conditions?

What optimistic perspective is shared regarding buying credit?