Situation Analysis: Portfolio concentration in retail. Time of COVID You are a portfolio manager at Barclays. You cover the retail portfolio and have sizeable long position in loans and bonds for the following names: Retail Industry: 1) Walmart - 100 million loans 5-year maturity (AA rated) 2) Amazon - 100 million loans 5-year maturity (AA rated) Questions: 1) What are 3 industry risk currently for retail I this sector? 2) What are 3 company specific risks for each borrower name (Walmart and Amazon) 3) Is your outlook positive or negative for each name over the next year? Why? 4) If you want to reduce your Walmart exposure from $100 million to $50 million, what could you do? (ie what risk mitigation tools could you use?)