Concerns grow that the corporate-bond market is getting riskier

01/27/2013 |

Weaker creditworthiness of nonfinancial corporations is prompting concern that corporate credit could tighten, Vincent Ryan writes. A report by Standard & Poor's says downgrades of junk-bond issuers are outpacing upgrades for the first time since 2009. For now, borrowing rates remain low and demand for corporate credit is high, but credit rating agencies are paying closer attention to how the debt proceeds are used.

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