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…
September 2014 – In this edition, we provide our second quarter 2014 perspectives on the restructuring market. According to Moody’s and S&P, default rates held relatively steady during the Second Quarter 2014, at 1.9% and 1.6%, respectively. EFH’s bankruptcy was already heavily expected, and hence has been excluded from…
May 2014 – Compared to the prior quarter, default rates during the First Quarter 2014 fell across all three ratings agencies to the 1.4% (Fitch) to 1.7% (Moody’s) range. Looking ahead, default rates are expected to remain relatively steady over the next 12 months, absent a significant market event based on main factors: (1) short watch lists, (2) scarce near-term…
March 2014 – As hungry investors continued to chase yield, the leveraged loan market set a record during 2013 with a 30% increase over 2012’s volume and surpassing 2007’s prior record volumes. The amount of loans due prior to 2016 stands at just $17 billion, versus…