May 2017 – Default rates reported by both Moody’s and S&P approximated 4%-5% at the end of the First Quarter 2017. Moody’s expects that the retail sector will become the most…

February 2017 – Default rates reported by both Moody’s and S&P reached 5.0%+ during Q3 2016 at 5.4% and 5.0%, respectively. According to Moody’s, default risk will remain higher in the energy sector than in other…

November 2016 – Default rates reported by both Moody’s and S&P reached 5.0%+ during Q3 2016 at 5.4% and 5.0%, respectively. According to Moody’s, default risk will remain higher in the energy sector than…

August 2016 – Default rates reported by both Moody’s and S&P climbed to 5.1% and 4.3%, respectively, during the Second Quarter. According to Moody’s, defaults are expected to worsen before improving in 2017. Commodity-related sectors are still under distress, including Metals & Mining and Oil & Gas. Moody’s reports that the default rate is forecasted to finish the year as high as 6.4%.

May 2016 – Moody’s and S&P are expecting year-end default rates to continue to climb from current levels. According to Moody’s, defaults during 2016 will likely continue to be concentrated in a select number of industries, led by Metals & Mining and Oil & Gas, and is forecasted to…

February 2016 – Moody’s default rate finished 2015 at 3.2%, while the S&P default rate rose to 2.8%, its highest level since 2013. According to Moody’s, defaults in 2016 will likely be concentrated in a select number of…

November 2015 – Moody’s default rate finished the third quarter at 2.1%, while the S&P default rate rose to 2.5%, its highest level since 2013. According to Moody’s, increasing liquidity…

August 2015 – In this edition, we provide our perspectives on the restructuring market during the second quarter of 2015 which include: Moody’s default rate finished the second quarter at 1.9%, while the S&P default rate rose to 2.1%, the highest rate since December 2013 when…

May 2015 – In this edition, we provide our perspectives on the restructuring market during the first quarter of 2015. During the first quarter, the big news for loan defaults was Caesars’ long-anticipated bankruptcy filing. According to Moody’s and S&P, default rates finished the first quarter at…

February 2015 – Continuing a trend seen over the past few years, and unlike the bankruptcy cycles of (1) 2000-2003 and (2) 2008-2009, which were clearly dominated by certain sectors (telecom/technology and financial services, respectively), 2014’s Chapter 11 activity covered a wide range of industries including…