Long-overdue.
Looks like somebody finally completed an analysis.
— IZ (@siddiqui71) July 24, 2023
'America's $1.4tn risky corporate loan market has been hit by the biggest slew of downgrades since the depths of the Covid crisis in 2020, as rising borrowing costs strain businesses piled high with floating-rate debt.' https://t.co/zXj8Xzypwc pic.twitter.com/dUoFLa8INa
— Jesse Felder (@jessefelder) July 24, 2023
Credit worthiness (i.e. ability to pay) for businesses has been worsening
Global credit downgrades have spiked at a time when bank lending standards have been rapidly tightening pic.twitter.com/8CDruS0rwI
— Bravos Research (@bravosresearch) July 21, 2023
h/t Simian_Stacker