Credit Markets Face Risk of a $60 Billion Wave of Fallen Angels

By Yahoo! Finance | Nov 5, 2024 at 01:15 PM EST

Major US companies face potential downgrades to junk status, causing up to $60 billion of debt to flood the market. Rising inflation and interest rates are challenging businesses like Boeing, Paramount, Warner Bros., and Charter. These fallen angels would significantly impact the high-yield bond market.

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