Anonymous17 days ago
A convergence of a $3 trillion maturity wall, the Iran war's oil shock, and soaring interest rates is pushing America's corporate borrowers toward their most dangerous moment since 2008. With private credit defaults at a record 9.2%, bankruptcy filings up 21% year-over-year, and high-yield spreads widening sharply since the Strait of Hormuz closure, the era of cheap money is exacting its toll on companies that gorged on low-rate debt and now face refinancing at dramatically higher costs.