DISTRESS WATCH: Ineos Units Lead Increase in Troubled Debt Tally

Two key units of the petrochemical conglomerate Ineos added $4.5 billion of loans to the global distressed debt pile, helping to push the tally to a 20-week high.

The total amount of bonds and loans in Bloomberg News’ global distressed debt trackerincreased 1.5% to $534.8 billion during the week ended Nov. 7. The gauge is now at the highest since the week ended June 20, and close to levels last seen after Donald Trump’s announcement of reciprocal tariffs in April.

Ineos US Finance — an issuing entity for Ineos Group Holdings — saw $3.4 billion of loans dropping ...