Shannon Harrington

New York

Executive Editor at Bloomberg News

Executive Editor for global credit markets coverage at Bloomberg News. RT's aren't endorsements; views are my own.

Articles

DISTRESS WATCH: Private Credit Strains Grow as Rates Stay High

3 weeks ago | news.bloombergtax.com | Shannon Harrington

While tariff-induced stress has eased across most of corporate credit, warning signs continue to proliferate in one corner: direct loans to middle-market companies. Such issuers are struggling to withstand high interest rates as expectations for Federal Reserve rate cuts are pushed further into the future, according to Fitch Ratings.
DISTRESS WATCH: Private Credit Strains Grow as Rates Stay High

3 weeks ago | news.bloomberglaw.com | Shannon Harrington

While tariff-induced stress has eased across most of corporate credit, warning signs continue to proliferate in one corner: direct loans to middle-market companies. Such issuers are struggling to withstand high interest rates as expectations for Federal Reserve rate cuts are pushed further into the future, according to Fitch Ratings.
DISTRESS WATCH: Trump Tariff Threat Ignored by Europe Investors

1 month ago | news.bloombergtax.com | Luca Casiraghi |Shannon Harrington

Investors in the riskiest companies across the European Union barely flinched after Donald Trump threatened to reignite a brutal trade war with the region. The US president on Friday threatened to impose a 50% tariff on EU goods starting June 1 after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations.
DISTRESS WATCH: EMEA Near Record Low Even Amid Trade War Threats

1 month ago | news.bloomberglaw.com | Luca Casiraghi |Shannon Harrington

Investors in the riskiest companies across the European Union barely flinched after Donald Trump threatened to reignite a brutal trade war with the region. The US president on Friday threatened to impose a 50% tariff on EU goods starting June 1 after complaining the bloc was slow-walking negotiations and unfairly targeting US companies with lawsuits and regulations.
DISTRESS WATCH: Credit Sees Tenuous Easing From Tariff Turmoil

1 month ago | news.bloomberglaw.com | Shannon Harrington

The global pile of distressed debt eased from the highest level in more than seven months as some of the worst fears over the Trump Administration’s trade war ease. The total amount of bonds and loans in Bloomberg News’ global distressed debt tracker dropped 2.8% to $529.8 billion in the week ended April 25, according to data compiled by Bloomberg. It was the first weekly decline since Trump’s tariff announcement on April 2, though the tally is still up by more than $42 billion since then.
DISTRESS WATCH: Gazprom Rally Curtails Rise in Troubled Debt

2 months ago | news.bloombergtax.com | Shannon Harrington |Luca Casiraghi

A month-long rise in the global distressed-debt market came to a halt last week as bonds from Russian energy giant Gazprom rebounded. A selloff in credit markets on Monday, however, threatened to make the reprieve short-lived. State-controlled Gazprom saw $3.25 billion of its bonds emerge from distressed trading levels as brokers continued to speculate on a normalization of relations between the US and Russia.
DISTRESS WATCH: Gazprom Rally Curtails Rise in Troubled Debt

2 months ago | news.bloomberglaw.com | Shannon Harrington |Luca Casiraghi

A month-long rise in the global distressed-debt market came to a halt last week as bonds from Russian energy giant Gazprom rebounded. A selloff in credit markets on Monday, however, threatened to make the reprieve short-lived. State-controlled Gazprom saw $3.25 billion of its bonds emerge from distressed trading levels as brokers continued to speculate on a normalization of relations between the US and Russia.
’NJ Transit Is Ruining My Life’: Commuters Reach Breaking Point With Aging System

Feb 20, 2025 | bloomberg.com | Sri Taylor |Shannon Harrington |Tim Annett |Danielle Moran

Share this articlePresident Donald Trump intends to put a stop to congestion pricing in New York — but a long-running headache for commuters to the financial capital is likely to drag on.
DISTRESS WATCH: Deepening China Crisis Offset by SBB, Altice

Jan 21, 2025 | news.bloombergtax.com | Shannon Harrington

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DISTRESS WATCH: Deepening China Crisis Offset by SBB, Altice

Jan 21, 2025 | news.bloomberglaw.com | Shannon Harrington

The global volume of distressed bonds and loans was almost flat at $503 billion during the week ended Jan. 17, according to Bloomberg News’ global distressed debt tracker. But while EMEA saw its pile of troubled debt drop at the fastest pace in two months, with landlord SBB almost fully emerging out of distress, builders are facing mounting issues in China.