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Commodities junk debt faces more pain with contagion threat: UBS

Friday, January 29, 2016 - 05:50

New York

A PROLONGED slump in oil prices promises more pain for commodities-related debt and threatens to spread to other parts of the leveraged-finance market, according to UBS Group AG.

Energy bonds have borne the brunt of crude's plunge to a 12-year low, falling 10 per cent this