The ratio between companies' earnings and their interest expense has fallen to the lowest level since the pandemic.
The credit grader expects the high-yield default rate to be as high as 5% by the end of this year.
Half of the 2020-2021 life expectancy decline can be traced to Covid-19, another 16% was related to unintentional injuries.
Issuance of so-called prepaid gas bonds have jumped to some $6.5 billion this year.
Hospitals are pulling back municipal debt issuance in the midst of the ongoing Covid-19 pandemic.
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