Bloomberg: Credit Market Cracks Widen as Distressed Debt Nears $650 Billion

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More debt has fallen into “distressed” trading levels, meaning investors are getting worried they're not going to be paid back for lending money to large companies. Distressed debt in the US alone jumped more than 300% in 12 months to more than $270 billion. Globally, almost $650 billion of bonds and loans are in distressed territory.

Link: https://www.bloomberg.com/news/articles/2022-12-28/credit-market-cracks-widen-as-distressed-debt-nears-650-billion

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