Entries tagged "default"
THL Partners' Scott Sperling says that a rebound in bond and equity markets and M&A should help borrowers refinance about $430 billion of leveraged loans.
Citigroup's headaches increased Tuesday when its portfolio company Red Roof defaulted on $361.4 million of mortgage debt.
If a major U.S. bank is nationalized, it could trigger credit default swaps and create a "meltdown" bigger than the fallout of Lehman Brothers Holdings Inc.
Billionaire Donald Trump's wallet must feel a bit lighter these days as the real estate sector is experiencing a major down cycle. He's hurting so bad that Deutsche Bank Trust Co. Americas filed suit against the developer, according to the Chicago Tribune. ...
At The Deal's Fifth Annual Private Capital Symposium, Diane Vazza, a managing director and head of global fixed-income research at Standard & Poor's, spoke about distressed investments and default rates. Vazza said that there are about 236 distressed companies in the US and defaults are increasing. Vazza outlines both the best case and worst case default scenarios. "The best case would be a default rate in the next 12 months of 3.7%, which means that 59 companies would default. In order to get to our worst case which is 8.5%, 136 companies would have to default in the next 12...
