The brightest minds on Wall Street say companies are sitting on a ticking time bomb that could spark a rash of bankruptcies — and make the next recession even worse
|05/15/2019||Posted by BusinessMediaguide.Com under General World News||
- A record portion of the investment-grade bond market is sitting just one step above junk status.
- If the credit ratings of those companies fall at all, it would greatly increase their likelihood of default. And if a rash of firms default at once, it would put serious pressure on the market, possibly amplifying any imminent recession.
- Experts at the recent Milken Institute Global Conference broke down their fears around the situation, which are hitting a fever pitch.
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If you see a major corporate acquisition in the headlines today, there’s a good chance it was read more >>>