Oracle and Stellantis Face Fallen Angel Risk as $100 Billion Trades Like Junk
Macro·1 article across 1 outlet
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Oracle Corp. and Stellantis NV are among a group of high-grade companies with debt that has recently traded close to junk levels. This situation is putting the bond market on watch for a new era of fallen angels.
The recent trading patterns indicate a significant shift in the credit landscape, raising concerns among investors about the stability of high-grade corporate debt as it approaches junk status.
OracleStellantis
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“Oracle Corp. and Stellantis NV are among a group of high-grade companies with debt that has recently traded close to junk levels, putting the bond market on watch for a new era of fallen angels.”
Bloomberg — Credit Braces for Fallen Angels as $100 Billion Trades Like Junk