Default risks accumulate in Brexit-plagued UK market

Brexit cracked adobe stock AS 230x150
By Karoliina Liimatainen
15 Aug 2019

UK corporate debt is at an all-time high as the risks posed by a traumatic departure from the EU in October peak. Default risk among UK industrials has deteriorated sharply in recent years while at the same time their EU counterparts have lowered their risk profile. Karoliina Liimatainen reports.

The average default risk of UK industrial companies has risen about 24% since January 2016, according to Credit Benchmark index data, while the risk for their EU peers, has declined by about 9%.

The Credit Benchmark data is based on a cross-section of data provided by major banks and ...

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