AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets! cover art

AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets!

AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets!

Listen for free

View show details

About this listen

Two companies collapsed last month. One sold used cars, the other distributed brake pads and spark plugs. Both issued debt rated AAA. Now their bonds are trading at cents on the dollar—and Wall Street is pretending not to notice.In this video, we dig into down the bankruptcies of Tricolor Holdings and First Brands Group to understand what they reveal about private credit, and why supposedly safe securities are starting to look a lot less safe. We’ll look at hidden leverage, double-pledged collateral, shadow banking, and the growing disconnect between risk and reward in today’s credit markets.


Patrick's Books:

Statistics For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3eerLA0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Derivatives For The Trading Floor: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ https://amzn.to/3cjsyPF⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Corporate Finance: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://amzn.to/3fn3rvC ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠


Ways To Support The Channel:

Patreon: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.patreon.com/PatrickBoyleOnFinance⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle


No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.