AAA Rated Junk: What Tricolor and First Brands Reveal About Credit Markets!

From Patrick Boyle

Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyle Two companies collapsed last month. One sold used cars, the other distributed brake pads and spark plugs. Both issued debt rated AAA. Now their bonds are trading at cents on the dollar—and Wall Street is pretending not to notice. In this video, we dig into down the bankruptcies of Tricolor Holdings and First Brands Group to understand what they reveal about privat...