June 12: Economic Risk - Unprecedented Surge in US Corporate Defaults Expected in 2009 with Continuing High Levels Through 2010
Location: New York
Author:
Date: Friday, June 12, 2009
While consensus economic forecasts call for a GDP turnaround in the U.S. as early as the second half of 2009, a new corporate default outlook released from the Bain Corporate Renewal Group (Bain CRG) finds that up to 200 companies – that are speculative grade debt issuers (grade B or lower) and possess more than $100 million in assets – will likely default this year.
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