# Episode 76: Private Credit – What Goes Up, Must Come Down Page: https://stenobird.com/podcast/research-citi-6910073/episode-76-private-credit-what-goes-up-must-come-down Text version: https://stenobird.com/podcast/research-citi-6910073/episode-76-private-credit-what-goes-up-must-come-down.md Podcast: [Research @ Citi](https://stenobird.com/podcast/research-citi-6910073) Published: 2026-04-30T15:56:51+00:00 Episode link: https://www.citigroup.com/global/insights/leadership/research-citi-podcasts1_gr6gqmnk Audio file: http://cdnapi.kaltura.com/p/2645261/sp/264526100/playManifest/entryId/1_gr6gqmnk/flavorId/1_y9wpnzci/protocol/http/format/url/a.mp3?clientTag=feed:1_ql5kimw7 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/research-citi-6910073/episodes/episode-76-private-credit-what-goes-up-must-come-down Duration seconds: 1097 ## Resource Rob Rowe, Citi's Global Head of Research, sits down with Michael Anderson, Head of Global Credit Strategy, to discuss the state of private credit, which is beset by concerns ranging from potential defaults and geopolitical uncertainties to the impact of AI and the prospects of higher rates. This podcast contains thematic content and is not intended to be investment research. Nor does it constitute financial, economic, legal, tax or accounting advice. This podcast is provided for information purposes only and does not constitute an offer or solicitation to purchase or sell any financial instruments. The contents of this podcast are not based on your individual circumstances and should not be relied upon as an assessment of suitability for you of a particular product, security, or transaction. The information in this podcast is based on generally available information and, although obtained from sources believed by Citi to be reliable, its accuracy and completeness are not guaranteed. Past performance is not a guarantee or indication of future results. This podcast may not be copied or distributed, in whole or in part, without the express written consent of Citi. © 2026 Citigroup Global Markets Inc. Member SIPC. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/research-citi-6910073/episodes/episode-76-private-credit-what-goes-up-must-come-down/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/research-citi-6910073/episode-76-private-credit-what-goes-up-must-come-down.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.