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Defaults loom but levfin trades like it’s 2019

money_cash_default_wallet_Adobe_575px_17Jun20

Europe’s leveraged finance market is forecast to be hit by the biggest wave of defaults since 2009 next year, yet there is a disconnect with market sentiment. As Standard & Poor’s predicts the default rate to reach 8.5%, bullish investors continue to pile in. Silas Brown and Mike Turner report.

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