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Above the Fray, hosted by Winnie Cisar and Justin Patrie, cuts through market chatter with sharp insights on credit, ratings, and the macro forces shaping decisions. Each week, it puts power into perspective by connecting timely developments to the bigger themes of driving markets, turning complexity into clear, actionable insight for issuers, investors, and market participants.

Podcast episodes

Check latest episodes from Above the Fray podcast

AI, Higher Rates and the Future Economy

2026/10/22

Title: Why do bonds matter so much? Robin Wigglesworth joins Winnie Cisar and Justin Patrie to explore how debt built the modern world, what rising Treasury yields mean, how ETFs are reshaping credit markets, and where the AI investment boom may be headed.

The New Power Brokers

2026/10/12

What’s really powering the AI boom? Winnie Cisar talks with Andy DeVries and Wish Bakshi about data centers, compute scarcity, energy demand, natural gas, and the credit risks behind AI infrastructure as hyperscalers race to build the future.

Late Cycle, Fewer Backups

2026/10/07

Fitch Ratings' Chief Risk Officer Richard Hunter joins host Justin Patrie to explore global credit risks in 2026, from AI and private credit to geopolitics and government debt. An insightful look at late-cycle vulnerabilities and lessons from the Global Financial Crisis.

Financing the Future

2026/10/02

Recorded during Climate Week, this episode explores sustainable debt, climate resilience, AI infrastructure, and data center financing. Winnie Cisar, Marcy Block, and Steve Liberatore share insights into emerging trends and investment opportunities.

Private Credit Unpacked

2026/09/21

Is private credit a systemic risk or the next frontier of finance? Justin Patrie sits down with Fitch’s Meghan Neenan and Ruth Yang to unpack defaults, redemptions, AI-driven software stress, and what's ahead for this $6T asset class.

The Mighty Consumer - Bending or Breaking?

2026/09/16

Is the mighty US consumer reaching a breaking point? Host Justin Patrie sits down with CreditSights' James Goldstein and Fitch's Olu Sonola to unpack 'fragile stability,' value-seeking spending, the labor market, and whether the economy is truly K-shaped.

The Thread That Pulls Everything Apart

2026/09/08

Winnie Cisar & CIBC's Chris Harvey break down the SpaceX IPO, AI's $500B buildout, global competition & leverage in the system. Is a market melt-up next? Don't miss their smart takes on credit vs. equity.

Meet the Minds Behind the Mic

2026/09/02

Before we dive into markets and macro, meet the minds behind the mic. Hosts Winnie Cisar and Justin Patrie share their winding paths into finance, what sets Fitch apart, how AI is reshaping research, and the podcasts and books that fuel their curiosity.

Introducing "Above the Fray" - Fitch Group's New Podcast on Credit, Markets & Global Trends

2026/08/26

Markets move quickly, and so do the forces shaping credit, the economy, and global markets. Above the Fray is Fitch Group’s new weekly podcast covering the biggest developments in credit, macro, geopolitics, and market trends. Hosted by Winnie Cisar and Justin Patrie, the series offers expert analysis and clear perspectives to help audiences stay informed.