The probability of defaults on CCC-rated borrowers' bonds in the next three to five years has increased to 50-60 percent, CVC Marathon chief Bruce Richards said at Bloomberg. Rising borrowing costs have created critical conditions for the most vulnerable companies, and the yield gap between securities with a high yield of B. In and CCC expanded to the levels of the 2008 financial crisis, he said.

The probability of defaults on CCC-rated borrowers' bonds in the next three to five years has increased to 50-60 percent, CVC Marathon chief Bruce Richards said at Bloomberg. Rising borrowing costs have created critical conditions for the most vulnerable companies, and the yield gap between securities with a high yield of B. In and CCC expanded to the levels of the 2008 financial crisis, he said.