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Jul 07 2021, 11:01 AM July 06 2021, 7:40 PM July 07 2021, 11:01 AM (Bloomberg) Investors looking to make a buck on corporate distress can only hope the post-pandemic world is more accommodating. (Bloomberg) Investors looking to make a buck on corporate distress can only hope the post-pandemic world is more accommodating. Rock-bottom interest rates, a reopening economy and yield-starved investors mean all but the most-troubled businesses have managed to borrow their way out of trouble. Credit markets may not be so friendly if the projections underlying that borrowing prove too rosy once post-Covid results come out, according to Phil Brendel of Bloomberg Intelligence. “The market will shift from pricing on projections and start looking more at actuals,” Brendel said in an interview. “We’re at credit bubble levels of distressed debt. So credit markets are vulnerable to a significant correction.”

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