Distressed debt hits almost $1 trillion, nears 2008 peak

Published: 26/03/2020
Distressed debt hits almost $1 trillion, nears 2008 peak
Source: GATA.ORG

By Katherine Doherty Bloomberg News Wednesday, March 25, 2020 The amount of distressed debt in the United States has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe. In total, the tally has ballooned to $934 billion of U.S. corporate bonds that yield

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