Market reset could trigger restructurings in 2021
By EsqSocial Corporation 01/02/21
HEADLINES - In March 2020, credit insurer Euler Hermes forecast a 43% increase in insolvencies in the UK in 2021, as well as a 26% uptick in France and 12% in Germany. - By December 2020, ratings agency S&P was forecasting European defaults rising to as much as 8% by the end of 2021. There have been fewer European insolvencies and restructurings than anticipated during the COVID-19 pandemic, but distressed deal activity may accelerate as soon as economies are finally able to reopen....
By: White & Case LLP