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Corporate BondsHigh grade and crossover bonds

'There will be casualties': high grade credit takes sell-off gut punch

Downward Slope Sign

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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