header

Capital Restructuring | Fourth Quarter 2017

February 2018 – Moody’s and S&P reported year end default rates of 3.3% and 3.0%, respectively. Signs are that inflation is starting to dictate a rise in interest rates. The long-anticipated rise in interest rates will likely cause corporate borrowers that have avoided restructuring due to years of favorable monetary policies to begin to feel the stress of overleveraged balance sheets, and the increasing cost of borrowing may start to contribute to higher default rates potentially starting in late 2018 or early 2019.

(Please continue reading by downloading the full report.)

February 27, 2018