Corporate junk debt defaults hit post-pandemic high in February

Defaults among U.S. corporate junk debt issuers reached a post-pandemic high in February, JPMorgan said in a new research report. Nine junk-rated borrowers either filed for Chapter 11 bankruptcy or missed their interest payments on a total of $5.97 billion in loans and bonds last month, JPMorgan noted. Three other companies opted for a distressed
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