It seems that there's too much outstanding debt and not enough jobs out there to pay them off. They are fundamentally different than the CDOs that created the 2008 crisis, student loans that are securitized are said to be high grade with low default risk.
But companies like Navient ($NAVI) keep getting their bonds downgraded as they aren't paid in full at maturity.
Submitted September 01, 2018 at 11:37PM by CPanimal https://ift.tt/2ow7RZ1
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