Investors are quickly dividing corporate borrowers into the haves and the have-nots.
Worries about the health of banking systems on both sides of the Atlantic, increased market volatility and another round of interest-rate hikes from central banks are creating a dichotomy. Companies with investment-grade credit ratings are still finding reasonable access to credit, even if at a higher cost. Those with low ratings, meanwhile, are seeing their debt being shunned.
Eighteen blue-chip companies
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