“Distress” in US Corporate Debt Spikes to 2009 Level

Investors, lured into the $1.8-trillion US junk-bond minefield by the Fed’s siren call to be fleeced by Wall Street and Corporate America, are now getting bloodied as these bonds are plunging.

Standard & Poor’s “distress ratio” for bonds, which started rising a year ago, reached 20.1% by the end of November, up from 19.1% in October. It was its worst level since September 2009.

It engulfed 228 companies at the end of November, with $180 billion of distressed debt, up from 225 companies in October with $166 billion of distressed debt, S&P Capital IQ reported.

us-sp-distress-ratio2009_2015-11

http://wolfstreet.com/2015/12/02/distress-in-corporate-debt-spikes-to-september-2009-level/

 

 

 

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