EMEA Maturity Wall Tough to Scale After 2013

Sheahan, Matthew
October 2010
High Yield Report;10/18/2010, Vol. 21 Issue 42, p18
The article focuses on a study published by Moody's Investor Service which found that the maturity wall of over 500 billion U.S. dollars in leveraged loan and high yield bond debt is going to be difficult for firms in the Europe, Middle East and Africa (EMEA) region. It noted that junk bond markets and a reduced level of leveraged loans would meet the near-term refinancing needs for junk-rated EMEA issuers that do not have stressed capital structures. It forecast that majority of the maturing debt will be refinanced by and migrate to high yield bonds.


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