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.

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

Topics

Syndicated Loans CMBS EMEA Corporate Bonds Structured Bonds High yield Loans and High Yield LevFin High Yield Bonds LevFin Securitization Leveraged Loans LevFin Leveraged Loans Europe

KL

Karoliina Liimatainen