Boeing 737 Max fuselages on railcars in Seattle, Washington, on October 22, 2024.
Some of America's biggest businesses may lose their coveted investment-grade ratings, flooding U.S. junk-bond markets with as much as $60 billion of debt after soaring inflation last year drove up many companies' operating costs.
Barclays Plc expects to see between $40 billion to $60 billion worth of 'fallen angels' in 2025, industry parlance for companies that have lost their investment-grade ratings. It would be the highest level in nearly a decade, excluding 2020 when the Covid-19 pandemic broke out.
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