Nerves of steel

Credit opinions


The debt investors and shareholders of Corus must have developed nerves of steel in the past five years. The Anglo-Dutch company has seen its share price see-saw dramatically over the past few years, while the recent volatility in the credit markets has injected fresh doubts into the minds of high-yield investors. But despite the widening in credit spreads, the steelmaker has met its funding needs for the coming year, having taken advantage of the strong appetite for high-yield bonds at the

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