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  • About Us
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Amy Whyte
GMO: ‘It’s Too Early to Rush’ for Imperiled Credit
“Right now it’s bad businesses with bad balance sheets,” a portfolio manager warns.
Amy Whyte May 15, 2020
The Federal Reserve building in Washington, D.C. (Andrew Harrer/Bloomberg)

The Federal Reserve building in Washington, D.C.

(Andrew Harrer/Bloomberg)

The coronavirus pandemic brought a surge of bankruptcies and missed interest payments — but attractive opportunities in distressed debt remain scarce, at least according to GMO.The issuers accounting for much of April’s defaulted debt were struggling well before Covid-19 shut down the economy, the firm

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