Trillions of dollars worth of bonds and loans deemed higher-risk by credit firms are set to come due before the end of 2025, creating a “maturity wall” that could potentially inject more panic into markets, according to a report by a team of global credit strategists at Morgan Stanley.
Approaching deadlines could ratchet up the pressure on many borrowers seen as less creditworthy, especially as big banks become more choosy about extending credit during an era of higher interest rates. Plus, as more time passes without securing…
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