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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. In this clip she 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 months," she said.
Leezie Kim is rejoining the Phoenix office of Quarles & Brady LLP as a partner. She will continue her corporate transactions practice. For other updates launch today's Movers & shakers slideshow.
Dechert's Henry Nassau at the 18th annual Wharton Private Equity and Venture Capital Conference tells The Deal Pipeline how to shine in the middle market. More video
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