More fallen angels expected but also a drop in default rates

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

More fallen angels expected but also a drop in default rates

Fallen angel Madrid from Adobe 19Aug20 575x375
The Fountain of the Fallen Angel (Fuente del Angel Caido) or Monument of the Fallen Angel, a highlight of the Buen Retiro Park in Madrid, Spain. | Anibal Trejo/Anibal Trejo - stock.adobe.com

Corporate default rates are expected to decline towards the end of this year after peaking in the next few months, but the number of borrowers facing a plunge into junk ratings is near a record high. Lenders say that they are taking a pragmatic view on the companies in their loan portfolios to try and prevent defaults.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article