Fed May Be Done With Rates Hikes, but Get Ready for More Defaults in 2024
Defaults next year will rise to a rate of 3.5%-4.0% for leveraged loans, and 5.0%-5.5% for high-yield bonds, Fitch Ratings says.
Source: businessinsider.com
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Top News In Corporate Defaults Today - Breaking & Trending Today
WeWork Bankruptcy Is Beginning of Zombie-Company Collapse: Wall Street Vet
There are hundreds of zombie companies that risk facing the same fate as WeWork, according to one investment research firm manager.
Source: businessinsider.com
Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
Defaults could ramp up by 1.5 times next year from the $30 billion level seen over the past 12 months, according to Bank of America.
Source: yahoo.com
The US debt situation looks 'unsustainable,' and corporate defaults are rising, IMF warns
"Under unchanged policies, debt dynamics in the US are very unfavorable," according to the International Monetary Fund.
Source: yahoo.com
Bank of England warns higher rates could lead to corporate defaults
Rising interest rates mean UK companies face added pressure to repay debts and a higher risk of corporate defaults, the Bank of England has warned.
Source: investmentweek.co.uk