Comment by pas

https://www.spglobal.com/ratings/en/regulatory/article/-/vie...

this is the original report

https://longbridge.com/en/news/265411465?channel=WHAB0001

> This arrangement comes at a steep price. The interest rate on these bonds is as high as 6.58%, significantly above the 5.5% yield of bonds from similar companies to Meta.

so it's definitely not completely junk, but the market priced in the gap (though, for me, it doesn't seem that big of a price difference!)