Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.

Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.

Brookfield Business Partners bought the nuclear tech company out of bankruptcy in 2018 for $4.6 billion, while this deal values the company at $8.2 billion.

After another month in which funded status improved, according to most projections, some models reached their highest points in more than a decade.