Know More. Risk Better. Podcast | S10E10 Chemicals: Capacity, Credit Stress & Middle East

[Please note, this podcast was recorded on Tuesday, 10 March 2026]

Welcome to the CreditSights Podcast!
This episode explores the embattled chemicals sector navigating unprecedented volatility amid Middle East conflict, structural oversupply, and mounting credit stress. Host Zachary Griffiths speaks with Andrew Brady, Andy Belton, and Peter Agra about how the Iran conflict is creating feedstock cost mismatches and supply disruptions, benefiting US producers over European counterparts. They discuss Europe's structural challenges requiring 800,000 tons of PVC capacity closures, INEOS Group versus Quattro positioning amid 2027 maturity pressures, and the Bayer-Monsanto litigation update ahead of the Supreme Court decision. The conversation explores investor rotation from software into cyclical chemicals, Germany's $500 billion infrastructure package impact, and why investors view chemicals as offering more tangible recovery prospects despite prolonged downturn. Tune in for expert analysis on credit quality, distressed opportunities, and strategic positioning in a sector facing both cyclical and structural headwinds.

Speakers
· Zachary Griffiths, CFA, Head of IG & Macro Strategy, CreditSights:
Zachary leads US investment grade and macro strategy, frequently appearing on Bloomberg TV and CNBC with expertise in credit markets.
· Andrew Brady, Head of US Basic Industries, CreditSights:
Andrew oversees Basic Industries coverage with 30 years of expertise in crossovers, fallen angels, distressed credits, and special situations analysis.
· Andy Belton, Head of European Basic Industries, CreditSights:
Andy coordinates European Basic Industries coverage, specializing in building materials, construction, chemicals, and transportation infrastructure sectors globally.
· Peter Agra, Managing Editor, LevFin Insights:
Peter covers US high-yield primary bond markets and secondary trading across multiple sectors, previously reporting on Middle Market distressed debt.

Timestamps
00:00 – Introduction
02:24 – Middle East Conflict & Feedstock Impact
07:13 – European Oversupply & Structural Challenges
15:13 – Investor Rotation: Software to Chemicals
22:25 – INEOS Group vs Quattro Analysis
28:49 – Bayer-Monsanto Litigation & Settlement
35:05 – Conclusion & Key Takeaways

Connect with CreditSights
· Website: https://know.creditsights.com/
· LinkedIn: https://www.linkedin.com/company/creditsights

Видео Know More. Risk Better. Podcast | S10E10 Chemicals: Capacity, Credit Stress & Middle East канала CreditSights