Remain cautious on credit risks as defaults pile up says Robert Dafforn, CIO of Opportunistic Credit at Polus Capital Management. As for which lenders will suffer the most, neither banks nor private credit funds nor the high-yield markets are 'immune' from ongoing troubles, says Dafforn. Meanwhile on the sectors front, construction materials and chemicals companies look to be hit the hardest. Dafforn spoke to Francine Lacqua on 'Bloomberg: The Pulse'. (Source: Bloomberg)