US debt investors have raised the alarm over lax lending standards in credit markets after the unravelling of two companies that just weeks ago were deemed to be in strong health.
The failure of subprime auto lender Tricolor Holdings at the start of this month followed by the exploration of bankruptcy proceedings by car parts supplier First Brands Group have wrongfooted investors.
Tricolor had won pristine triple-A ratings as it borrowed in credit markets, while First Brands may have amassed as much as $10bn in debt and off-balance sheet financing and was close to raising even more last month.
您已阅读9%（598字），剩余91%（5910字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。