Survey: Corporations in Debt Default on the Rise

Reuters reported corporations are expected to default on debt at higher rates as economic growth drops and political trouble increase, according to an International Association of Credit Portfolio Managers survey.

The group’s credit default index dropped to the lowest level seen in nine years, sounding an alarm for rising debt defaults in 2019, according to Reuters.

“We’re very late in a long economic growth cycle and we’re finally beginning to see the impact of U.S. Federal Reserve rate hikes, along with a bite from trade tariffs,” Som-lok Leung, IACPM’s executive director, said in a release.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.