Corp defaults to rise, says Moody’s

Defaults among borrowers with speculative grade ratings are set to dive at the start of next year, but only for a while, Moody’s said in an outlook report for non-financial corporates this week.

  • By Victor Jimenez
  • 05 Dec 2018
Participants in the European leveraged finance markets will find a familiar default picture as they enter the new year. The default rate for issuers of debt with speculative grade ratings has continuously fallen during the past 11 months from almost 4% to below 2%. This trend will go ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,589.28 27 6.64%
2 Goldman Sachs 5,310.66 28 6.31%
3 Credit Agricole CIB 4,996.05 29 5.93%
4 BNP Paribas 4,989.41 40 5.93%
5 Deutsche Bank 4,671.96 29 5.55%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.46%
2 JPMorgan 2,822.43 22 7.09%
3 Citi 2,783.23 20 6.99%
4 BNP Paribas 2,674.33 25 6.72%
5 Goldman Sachs 2,523.29 20 6.34%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 16,336.99 132 10.01%
2 Citi 14,953.44 126 9.16%
3 Bank of America Merrill Lynch 12,173.13 103 7.46%
4 Goldman Sachs 12,028.93 93 7.37%
5 Morgan Stanley 9,577.47 74 5.87%