As rates have nearly tripled on most forms of debt, bankruptcy filings are rising. Nearly $270 billion of leveraged loans carry weak credit profiles and are potentially at risk of default

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“Bankruptcy filings for companies with at least $10 million in liabilities are rising sharply.

Since the Fed started raising rates in March 2022, bankruptcy filings have more than doubled.

Corporations, individuals, and the government all got used to historically low interest rates.

As rates have nearly tripled on most forms of debt, bankruptcy filings are rising.

The shock of rapidly rising interest rates is real.”

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