Reading Tea Leaves – And Ripple Effects – Of Corporate Default Risk
PYMNTS
NOVEMBER 22, 2019
That estimation comes from analytics firm Credit Benchmark. As the Journal notes, the credit cycle may be turning – during a time when, as Morgan Stanley has contended, 57 percent of companies that were purchased in leveraged buyout transactions have debt loads that are at least six times that of EBITDA, a rough measure of cash flow.
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