NEW YORK -- Private credit continues to enjoy a "golden" moment after the recent interest rate cut in the U.S., Blackstone CEO Stephen Schwarzman told Nikkei in an interview, anticipating strong borrowing demand in the corporate sector.
Schwarzman expects the September rate cut by the Federal Reserve to improve the merger and acquisition cycle, spurring greater borrowing by corporations. "The lower interest rates become, the more activity there will be," he said.
