'There will be casualties': high grade credit takes sell-off gut punch
by Jon Hay,
Mike Turner, Toby Fildes
March 09, 2020 02:45 PM
Investment grade European companies watched their credit spreads swing out by around 30bp on Monday as global asset prices plunged. Bankers warned that borrowers rated BBB- that have not prepared their capital structures for such a rapid decline in market conditions are going to have a tough time funding themselves.
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