The CoreWeave credit default swap spread is above 1,140 basis points
Gavan Nolan of S&P Global Market Intelligence says a level of 1,000 basis points or more is a sign of credit distress.
On Thursday, the credit default swap spread of CoreWeave was 1,088 basis points. At one point it was more than 1,140. This is 177% more than one year before. The stock of CoreWeave also decreased on Wednesday and Thursday.
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