In the latest edition of Credit Exchange with Lisa Lee, Alan Schrager, senior managing partner of Oak Hill Advisors, speaks with Creditflux's managing editor Lisa Lee about the cross-currents in credit markets which is blazing hot with spreads going tighter but there’s issues of tariffs, immigration reform and defaults. Spreads have gone tighter in many markets, not only credit or private credit, while there's a number of pressures on companies, including tariffs, which Schrager suggests means it's better to invest in higher-quality investments. The spread between “great stuff, good stuff, and bad stuff and terrible stuff” is the tightest it has ever been, he noted. Of the headwinds, immigration reform will have a greater impact than trade protectionism, he predicts, since the industries that are impacted by tariffs will adjust.

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