TITLE

The Class of 2009

AUTHOR(S)
Rozens, Aleksandrs
PUB. DATE
March 2010
SOURCE
Investment Dealers' Digest;3/26/2010, Vol. 76 Issue 12, p21
SOURCE TYPE
Trade Publication
DOC. TYPE
Opinion
ABSTRACT
The article reports on the 77 private-equity owned defaults, which represent 50% of all U.S. nonfinancial businesses that defaulted in 2009. According to the credit rating agency Moody's Investors Service Inc., the said 2009 defaults were driven by high leverage of private-equity transactions, but may not had eliminated sufficient debt. It notes that 34.9% for all defaults are distressed exchanges in the previous year.
ACCESSION #
48965498

 

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