Central banks worldwide are suppressing borrowing rates to accommodate credit markets, trying to alleviate financial pressures on corporations. This is creating a surge of "zombie companies," or firms that are staying alive in spite of their inability to service interest expenses.
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CreditRiskMonitor currently estimates that financial losses stemming from U.S. public company bankruptcies alone will be in excess of $1.1 trillion, a greater figure than what was lost during the Great Recession.
There are many junk debt issuers that are exposed to the adverse effects stemming from the recently adopted U.S. tax reform, increasing the need for counterparties to keep their credit culture up.
With more than two decades' worth of usage data on the research patterns of credit and procurement professionals in hand, CreditRiskMonitor has discovered that the aggregate sentiment signals displayed by this group are highly predictive of company bankruptcy.
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China’s non-financial corporate debt-to-GDP is the highest in the world at 160%, and corporate defaults are now running at a record pace.
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Argentina is using extraordinary measures to keep its economy afloat. As the peso declines, businesses that are heavily reliant on debt financing could be in trouble if problems persist.