Corporate restructuring needs could surpass 2008 levels amid surging junk debt, says BlackRock – Markets Insider


Reuters The scale of corporate restructuring could surpass financial crisis highs on a growing pile of rotten classified debt, BlackRock said Monday. The stock of substandard debt has reached $ 5.3 trillion since 2007. The coronavirus pandemic has only exacerbated growth, as Federal Reserve bond purchases revived the credit market and companies rushed to raise […]

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