About this episode

Gordon Kerr discusses the implications of higher yields and limited fiscal flexibility in European credit markets, focusing on Britain, Italy, and France, while also exploring the UK's AI growth story and Germany's recovery challenges.

In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, examines why markets are focused on Britain, Italy, and France—as higher yields and limited fiscal flexibility raise new questions for European credit. Gordon also looks at the UK’s artificial intelligence (AI)-driven growth story, Germany’s fragile recovery, and what the energy shock continues to mean for issuers, spreads, and investor sentiment.

People in this episode

Host: Gordon Kerr

Topics covered

• European credit markets
• UK economic growth
• AI-driven growth
• fiscal flexibility
• energy shock
• investor sentiment

Keywords

• European credit
• UK economy
• Italy
• France
• Germany
• artificial intelligence
• energy shock
• investor sentiment

Mentioned in this episode

Organizations: KBRA

Products: artificial intelligence

Places: Britain, Italy, France, Germany

More episodes of Gordon Kerr's Credit Compass: Navigating European Credit Markets

• Hungary Turns, Banking Reform Advances, Energy Risks Linger · April 15, 2026 · 16 min
• Select Resilience Partially Offsets Broader Headwinds · April 8, 2026 · 14 min
• Anchors Strained, Spreads Wider, Yields in Focus · April 1, 2026 · 10 min
• Energy, Energy, Energy · March 25, 2026 · 11 min
• Energy Shock to Rate Repricing · March 18, 2026 · 10 min
• Energy Markets and Europe’s Fragile Recovery · March 11, 2026 · 11 min

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