Apollo Global Management Inc.’s James Zelter is “skeptical” of an economic soft landing. Ares Management LLC co-founder Michael Arougheti is concerned about the risk of a fiscal accident. Defaults will rise in coming years as riskier debt comes due for refinancing, according to Joshua Easterly of Sixth Street Partners LLC and hedge fund manager Hamza Lemssouguer. Credit markets may be stable as the global economy proves resilient, but some of the titans of the debt world told the Bloomberg Global Credit Forum in London this week that they see looming headwinds as the impact of higher interest rates slowly filters ... (full story)