Junk-rated companies have ‘meaningful exposure’ to Fed rate hikes, with leverage- loan market growth ‘the root cause of this vulnerability,’ warns Deutsche Bank
November 22, 2022 at 17:06 PM EST
Junk-rated companies in the U.S. have 'meaningful exposure' to interest rate hikes by the Federal Reserve, raising concerns over defaults as a potential recession looms, according to Jim Reid, head of thematic research at Deutsche Bank.
