Junk borrowers are stuck between a $2tn rock and a hard place

The lending landscape for high-risk borrowers has become increasingly challenging as a surplus of funds allows investors to be more selective, driving up the costs for those with lower credit ratings. This situation leaves junk borrowers in a difficult position, facing higher interest rates and less accessible credit. The implications are significant, potentially stifling growth and investment for businesses that rely on these loans, and could lead to broader economic repercussions if the trend continues. For a deeper dive, check out the full article on the Financial Times website.