Bory: Oil Industry in Restructuring Period After Defaults

The video discusses the current state of the corporate bond market, highlighting that companies that needed to default have done so, leading to a restructuring period. Low rated companies are managing their debt and liquidity, while deeply distressed companies face high yields. A dichotomy exists between lower and higher rated companies, with the latter maintaining strong financial strategies. The dynamics between equity and bond markets are also explored.

What does the restructuring period imply for companies that needed to default?

What is the significance of the 12% and 6% rates mentioned in the text?