The sell-off means the company’s bonds are trading at levels closer to those of junk-rated borrowers

Investor summaryBearish

The company's bonds are trading near junk status due to a severe sell-off, signaling high credit risk.

Bear points

The company's bonds are trading near junk-rated levels, indicating severe financial distress.
A massive sell-off is driving down the company's debt, raising default concerns.

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