Macro Finance
Marathon’s Richards Warns ‘No Way Out’ for Beaten-Down CCC Debt
Bloomberg Markets·October 26, 2026·1 min read
CVC Marathon CEO Bruce Richards warned that riskiest borrowers have 'no way out' other than defaulting on piling debt, as refinancing becomes increasingly expensive. The warning highlights growing distress in CCC-rated credit markets, where companies face limited options amid rising costs and tighter lending conditions.
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