
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- S&P Global Market Intelligence has released a report today highlighting the convergence in public and private credit markets. The newly published Public and Private Markets Outlook: Converging on Credit is part of S&P Global Market Intelligence's Big Picture 2025 Outlook Report Series. In this new report, S&P Global Market Intelligence's capital markets analysts highlight how public and private credit markets have become increasingly intertwined in 2024, and why we expect this trend to continue in 2025. Public debt markets have grown, but not at the expense of the $1.5 trillion private markets, which continue their rapid expansion. " It may be no coincidence that the fall in Credit Default Swap (CDS) credit events aligns with the growth in provision of private credit. Many companies now have recourse to lines of credit from private sources to an extent not seen in previous cycles. This trend is likely to continue in 2025 but may raise questions about the transparency and measurement of credit risk in private credit funds, where the exposure is ultimately shifted," said Gavan Nolan , Executive Director at S&P Global Market Intelligence. Key highlights from the report include: The $1.5 trillion global private market continues to see new activity as banks seek out new partnerships. Meanwhile, fund managers are trying to enter public markets through new investment vehicles. Credit events in the CDS market have stayed low, with just two credit event auctions — the settlement mechanism for CDS — in 2024. This is the fourth consecutive year that auctions have not exceeded three annually and brings the 3-year moving average down to the lowest levels not seen since the credit bubble before the global financial crisis in 2007-2008. With the size of the private credit market approaching $2 trillion , some regulators and investors are calling for more rules and transparency in the largely unregulated space. The private credit market, meanwhile, is only growing, with some estimates calling for total assets under management to more than double by 2028. To request a copy of Public and Private Markets Outlook: Converging on Credit , please contact [email protected] . S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. About S&P Global Market Intelligence At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction. S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI ). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence . Media Contact Amanda Oey S&P Global Market Intelligence +1 212-438-1904 [email protected] or [email protected] SOURCE S&P Global Market IntelligenceROSEN, A LEADING LAW FIRM, Encourages Chipotle Mexican Grill, Inc. Investors to Secure Counsel ...
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JERUSALEM (AP) — Israel’s attorney general has ordered police to open an investigation into Prime Minister Benjamin Netanyahu’s wife on suspicion of harassing political opponents and a witness in the Israeli leader’s corruption trial. Attorney General Gali Baharav-Miara made the announcement in a terse message late Thursday, saying the investigation would focus on the findings of a recent report by the “Uvda” investigative program into Sara Netanyahu. The program uncovered a trove of WhatsApp messages in which Mrs. Netanyahu appears to instruct a former aide to organize protests against political opponents and to intimidate Hadas Klein, a key witness in the trial. The announcement did not mention Mrs. Netanyahu by name, and the Justice Ministry declined further comment. But in a video released earlier Thursday, Netanyahu listed what he said were the many kind and charitable acts by his wife and blasted the Uvda report as “lies.” “My opponents on the left and in the media found a new-old target. They mercilessly attack my wife, Sara,” he said. He called the program ”false propaganda, nasty propaganda that brings up lies from the darkness.” It was the latest in a long line of legal troubles for the Netanyahus — highlighted by the prime minister's ongoing corruption trial . The pair have also had a rocky relationship with the Israeli media. Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of cases alleging he exchanged favors with powerful media moguls and wealthy associates. Netanyahu denies the charges and says he is the victim of a “witch hunt” by overzealous prosecutors, police and the media. The report obtained correspondence between Sara Netanyahu and Hanni Bleiweiss, a former aide to the prime minister who died of cancer last year. The messages indicated that Sara Netanyahu, through Bleiweiss, encouraged police to crack down violently on anti-government protesters and ordered Bleiweiss to organize protests against her husband's critics. She also told Bleiweiss to get activists in Netanyahu's Likud party to publish attacks on Klein. Klein is an aide to billionaire Hollywood mogul Arnon Milchan and has testified in the corruption case about her role in delivering tens of thousands of dollars worth of champagne, cigars and gifts to Netanyahu for her boss. According to the report, Bleiweiss also was instructed to organize demonstrations outside the homes of the lead prosecutor in the corruption case, Liat Ben-Ari, and then Attorney General Avichai Mandelblit, who had issued the indictments, and protests and social media campaigns smearing political opponents. According to the report, Bleiweiss was a loyal aid to Netanyahu for decades. But while she was ill, it said Sara Netanyahu mistreated her, prompting her to share the messages with a reporter shortly before her death. Sara Netanyahu has been accused of abusive behavior toward her personal staff before. This, together with accusations of excessive spending and using public money for her own extravagant personal tastes, has earned her an image as being out of touch with everyday Israelis. In 2019, she was fined for misusing state funds. National Security Minister Itamar Ben-Gvir, who oversees police and has repeatedly said the attorney general, Baharav-Miara should be fired over a series of grievances against her, said the latest announcement was another reason for her to be dismissed. “Someone who politically persecutes government ministers and their families cannot continue to serve as the attorney general,” he said. And Justice Minister Yariv Levin, another Netanyahu ally and critic of Baharav-Miara, accused her of focusing on “television gossip.” “Selective enforcement is a crime!” he said in a statement. AP correspondents Eleanor H. Reich in New York and Isaac Scharf in Jerusalem contributed reporting.None