The Wall Street Journal: Coronavirus Fallout Exposes Vulnerability of Junk Debt
Posted by Laura Saville on March 12, 2020
Debt investors are grappling with the worst selloff in the riskiest corner of the corporate debt market in over a decade, writes Lorena Ruibal for The Wall Street Journal, citing Credit Benchmark data.
“An economic downturn caused by the impact of the coronavirus epidemic could wipe out returns and risk tilting debt-bloated high-yield companies into default.“
“Default risk has climbed 6% for large U.S. oil and gas firms in the past year, according to Credit Benchmark.“
The Wall Street Journal, March 9, 2020.
Related materials
Want to see Credit Benchmark in action?
Schedule a short 30 minute demo and let our team walk you through the platform, demonstrate key capabilities, and answer any questions live.