-
Financial News: Cost of protecting junk grade company debt soars
Posted by:peter 35 days ago • Discuss
A fresh sign in the deterioration of credit market conditions emerged on Wednesday when one of the most closely watched barometers of sentiment broke through a key threshold.
The iTraxx Crossover index rose through 1,000 basis points for first time, implying more companies than ever are heading for default because of the deepening financial and economic problems.
financial
news
cost
protecting
junk
grade
company
debt
soars
business
