Unrated LBO default forecast 5% up on 2011

Moody’s believes at least a quarter of unrated LBOs with debt maturing by 2015 will default, it said on Thursday. And this proportion might double if access to the high yield bond market proves particularly problematic.

  • 01 Jun 2012
The forecast is more than five percentage points higher than in June 2011, when the rating agency said that about 20% of debt in unrated LBOs was sufficiently stressed that only a small portion of that volume could be refinanced in the high yield market without some form ...

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