13 Hrs
Source:
الاقتصادية
US loan delinquencies reach pandemic high
A report from J.P. Morgan indicates that the highly indebted loan market in the United States is experiencing an unprecedented level of defaulting since the onset of the COVID-19 pandemic. The total amount of non-performing loans or loans trading below 60 cents on the dollar has reached $65 billion, representing a significant increase compared to the previous year. There is a greater concentration in the technology sector, which accounts for 39% of all distressed loans, as companies there struggle to refinance amid rising fears of the impact of artificial intelligence on their operations. Additionally, pressures are mounting on the high-yield bond market, as the spread on "CCC" rated debt has soared to its highest level since 2023, with expectations that default rates will increase further in the coming year.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)