The ARR Reckoning: Decoding Software Stress Across Credit
February 25, 2026
In our latest topical webinar, Winifred Cisar聽leads the conversation with聽Andrew Hedlund, John Kim, and聽Lyle Margolis, who share insights on private credit liquidity, Blue Owl asset sales, leverage trends, covenant protections, and how AI may reshape software business models and credit outcomes.
Watch on YouTube:
Speakers:
Winnie Cisar, Global Head of Strategy, 糖心视频
Andrew Hedlund, Managing Editor, LevFin Insights
John Kim, Director, Covenant Analyst, Covenant Review
Lyle Margolis, Head of Private Credit, Fitch Ratings
Timestamps:
鈥� Introduction
鈥� 2025 Review & 2026 Supply Outlook
鈥� Portfolio Concerns & Return Scenarios
鈥� Muni Valuations & After-Tax Yields
鈥� Sector Outlook & Poll Results
鈥� Airport Sector Analysis
鈥� Higher Education Sector Headwinds
鈥� State & Local Government Trends
鈥� Curve Positioning Strategy
鈥� Q&A & Closing Remarks
More from our team:
2Q26 Quarterly US Covenant Trends: Leveraged Loans and High Yield Bonds
Read More
2Q26 Quarterly Covenant Trends: European Leveraged Loans & High Yield Bonds
Read More
Emerging Markets: 2H26/2027 Strategy Outlook
Read More
Asia in Focus: 2H26 Global Credit Outlook Implications
Read MoreKnow More. Risk Better.
Sign up to receive our latest credit insights direct to your inbox.
