Distressed Debt Investors See Fewer U.S. Defaults
Thomson Reuters reported, according to the results of a poll of 100 hedge fund managers, traders and asset-managers by Debtwire, Bingham McCutchen and Macquarie Capital, investors in distressed company debt expect U.S. corporate defaults to remain low this year, but they are split over whether there will be a pickup in bankruptcy filings by large companies.
Reuters said, according to the survey, that every respondent expects the default rate in 2013 to be below 4%, thanks to low interest rates and the availability of credit. In last year’s survey 16% of respondents expected a default rate above 4%.
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