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The Pending Corporate Default Will Be Bigger Than Anything in History

By Andrew J. / April 6, 2016

When the next corporate default wave comes, it could hurt investors more than they expect. Losses on bonds from defaulted companies are likely to be higher than in previous cycles, because U.S. issuers have more debt relative to their assets, according to Bank of America Corp. strategists. Those high levels of borrowings mean that if […]