Liquidity Crisis Calls 'A Little Bit Premature': CreditSights's Cisar

The video discusses the potential for a liquidity crisis, examining credit spreads and the role of central banks in injecting liquidity. It highlights the increased cash in transactions post-GFC and the impact of different recession types on credit spreads. The discussion also covers the role of private credit and market dislocation, particularly in the high yield and triple C markets. Finally, it addresses risks in the credit market, using Community Health and Bausch as examples of companies facing pivotal challenges.

What is the significance of cash levels in the context of leveraged transactions?

How has the liquidity crisis impacted the high yield market, particularly for triple C rated bonds?

What role does private equity play in the restructuring of companies facing financial difficulties?