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WSJ — Markets — Monetary Policy — Inflation — Interest Rates — Economy

Junk-Rated Companies Are Borrowing Again

Bond yields have been rising again lately, creating complications for low-rated companies that had just started to enjoy easier access to credit. The ultralow yields of 2021 enabled companies to lock in low interest rates and push out bond maturities.

1 min read
  • Bond yields have been rising again lately, resulting in a slowdown in bond sales.
  • Low-rated companies issued almost as many bonds in January and February as in the entire second half of 2022.
  • Ultralow yields in 2021 enabled companies to lock in low interest rates and push out bond maturities.
  • A significant wall of maturities won’t arrive until 2025.
Junk-Rated Companies Are Borrowing Again
Rising interest costs will hit low-rated issuers
WSJSam Goldfarb and Ala

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