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Fitch downgrades Ardagh Group's long-term issuer default rating to CCC from B- due to underperformance and announced new secured credit facility with Apollo Capital Management, citing excessive refinancing risk and unsustainable debt structure
Published: May 10, 2024 by ENP Newswire
Apollo economist warns stock market's hype for AI will make it hard for Fed to cut rates in 2024, says rally is countering central bank's tightening efforts; Fed may not cut interest rates this year at all, despite expected 75 basis points of cuts
Published: March 25, 2024 by Business Insider
Apollo chief economist cites 10 reasons Fed won't cut rates in 2024, including higher inflation readings, resilient job market; US economy is simply not slowing down, and Fed pivot has provided strong tailwind to growth since December
Published: March 04, 2024 by Business Insider
Apollo Management economists say default cycle in US has begun, spurred by high interest rates and debt costs; default rates expected to continue rising over coming quarters, impacting in particular middle market companies
Published: November 30, 2023 by Business Insider
Apollo's chief economist sees US economy headed for recession, but it's likely to be milder than prior slumps; any potential slowdown this time would be 'engineered' by the Fed, which can undo its measures that initially slowed the economy
Published: October 31, 2023 by Business Insider

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