Distressed-Debt Deals Often End in ‘Hard Default,’ Moody’s Warns
About a quarter of companies that go through a distressed exchange event end up in so-called “hard defaults” such as bankruptcy or a missed payment, according to a Moody’s Analytics...
By Dorothy Ma · Bloomberg Markets
About a quarter of companies that go through a distressed exchange event end up in so-called “hard defaults” such as bankruptcy or a missed payment, according to a Moody’s Analytics report.