Deborah Orida

Credit Markets in Transition | Global Conference 2025

Michael Piwowar, Michael Buchanan, Peter Gleysteen, Deborah Orida, Michael Zawadzki, Mike Pivovar, Mike Buchanan

Panelists analyzed the current macroeconomic landscape characterized by tariff uncertainty and Federal Reserve rate cuts, while highlighting a $30 trillion private credit market reshaped by regulatory changes that drive capital from banks to non-competitive partners. Industry leaders identified investment opportunities in infrastructure, asset-backed finance, and investment-grade credit, noting that resilient fundamentals and low leverage support default rates under 50 basis points despite weakening investor sentiment. The discussion concluded with a strategic pivot toward multi-asset credit approaches and structural diversification to mitigate volatility risks and capitalize on market dislocations for tactical offense.