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U.S. Corporate-Credit Risk at Highest Since November 2020 as Stocks Plunge

  • Investment-grade CDX is widening for second straight day
  • At least two high-grade borrowers stood down amid volatility
Updated on

They’re far from panicking, but it appears credit investors are getting more cautious.

A key measure of U.S. corporate credit risk reached the highest since November 2020 as U.S. stocks tumbled after disappointing results from Meta Platforms Inc. and a markedly hawkish tone from the European Central Bank.