Factors that drove higher interest coverage appear to be in reverse
Katie Klingensmith of Brandywine Global Investment Management says given the current real rates, there are fixed-income opportunities that have not existed in a generation or two
Companies missing interest payments signal effects of strains
Record amounts of corporate debt to come due over the next five years
Through three quarters, equity issuance is up 8% and debt rose 2%, Refinitiv reports
Narrowing bond spreads signal confidence in borrowers, economy
Corporate balance sheets face pressure from rising interest costs
Tighter credit conditions are likely to drive more second-half defaults, report says
Fitch Ratings sees higher bond and loan defaults this year and next
The value of bonds at higher risk is swelling, with the default rate expected to rise in 2024