Leveraged Loans Reap Risk-On Gains; Indonesian Junk
The Credit Edge by Bloomberg Intelligence
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The Risks of Default Rates in Junk Loans
When we started the year, a lot of big banks were calling for a default rate that was quite high in leveraged loans. These companies, they have a lot of floating debt. As you say, fundamentally, they'll be more tested by the big rate move. So we could see some, but again, in a $1.4 trillion, the amount of default is minimal.
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