Norway Junk Bond Investors Losing Hope as Oil Squeeze Deepens
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Investors are losing hope in the Norwegian high-yield debt market, according to DNB ASA, the nation’s biggest bank.
A renewed crude plunge has once again ratcheted up risks in market and the longer the situation lasts the “more investors lose hope that companies will be able to serve their debt,” Magnus Vie Sundal, credit analyst at DNB, said in a phone interview Tuesday.