Blackstone's Schwarzman plays down private credit concerns over bankruptcies

Core Viewpoint - Blackstone CEO Stephen Schwarzman expressed confidence in the private credit market, dismissing concerns related to recent bankruptcies in the automotive sector [1] Group 1 - The CEO's remarks indicate a positive outlook on private credit despite market anxieties [1] - Recent bankruptcies in the auto industry have raised questions about the stability of private credit, but Schwarzman does not share these concerns [1]