Capital Restructuring | Third Quarter 2014

November 2014 – In this edition, we provide our third quarter 2014 perspectives on the restructuring market. Default rates reported by Moody’s and S&P held relatively steady during the Third Quarter 2014, remaining low at 1.7% and 1.6%, respectively. With some indications of strengthening economic conditions, few corporate defaults are expected in the near term. Loan investors who responded to a recent survey predict loan default rates will remain low for the next 12 months in part because low amounts of debt are coming due in the short term, U.S. companies as a whole are expanding their cash flow, and a moderate economic forecast through 2016.

(Please continue reading by downloading the full report.)