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Market Chatter: CoreWeave's Credit Risk Hits All-Time High, Default Odds Hit 60%

Market Chatter: CoreWeave's Credit Risk Hits All-Time High, Default Odds Hit 60%

MT newswireMT newswire2026/10/15 15:03
11:03 AM EDT, 10/15/2026 (MT Newswires) -- The cost of protecting CoreWeave's (CRWV) debt against default for five years rose Thursday by as much as 74.5 basis points to 1194.5 basis points, an intraday record, with swaps pricing in a chance of default at over 60% within the next five years, Bloomberg reported Thursday, citing data from ICE Data Services. The company's high-yield bonds were among the biggest decliners in the US junk market Thursday, the report said, citing data from Trace. CoreWeave didn't immediately reply to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 62.50, Change: -3.28, Percent Change: -4.99
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