Default rate to rise in Europe next year after eerily quiet 2019

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Default rate to rise in Europe next year after eerily quiet 2019

Karoliina Liimatainen
December 18, 2019 05:00 PM
Thomas Cook
File photo dated 07/10/13 of a Thomas Cook travel shop in London, as their chief executive Harriet Green announced her surprise departure after two years in which she has overhauled the once-troubled company. | Jonathan Brady/PA Wire/Press Association Images

Europe will probably see an increase in rates of corporate defaults in 2020 as credit quality deteriorates. Moody’s expects the rate of defaulting junk-rated issuers to triple, pushing the figure above the long-term average after an extraordinarily quiet year.

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Karoliina Liimatainen
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