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.
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