Credit Cracks: High Yield Fundamentals and Default Risk

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Companies are facing a number of macro headwinds and ongoing margin pressures. While this environment can be challenging, we think many high yield companies are wellpositioned to navigate an economic slowdown given low leverage, healthy balance sheets and few near-term maturities. Inflation and other pressures are squeezing margins and could erode earnings. However, many companies have various levers they can pull to navigate these situations in an effort to meet …