Beware of Corporate Debt, Even Non-Junk, Says David Einhorn (AI-CIO.com) David Einhorn sniffed out fixed income trouble in 2008 and sees more ahead in the US corporate bond market. In fact, the hedge fund chieftain is shorting corporate debt. So downbeat is Greenlight Capital, his firm, about corporates that it is betting on price tumbles for both investment-grade and junk-rated paper. And he points a finger at ratings agencies for going easy on companies that load on debt. Right now, of course, defaults are low for corporate bonds, both investment-grade and not. And bond issuance has been robust amid low interest rates. A good chunk of those new bonds are to fund acquisitions, whose debt is a burden going forward.
The Companies with the Most Debt in America https://wolfstreet.com/2019/07/26/the-most-indebted-companies-in-america/