Around $400 billion of debt assets are considered to be in 'pre-distress,' while $150 billion are 'deeply distressed,' Bank of America said.
There's around $1 trillion of private debt that's headed for potential trouble, Bank of America warned.
Around $400 billion assets are considered to be in "pre-distress," while $150 billion assets are "deeply distressed."The bank estimated around $1 trillion of high yield debt has been accumulated by companies over the past five years, which has largely been created by below-investment grade corporations.
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