Corporate debt defaults rose steeply in 2023

Apr 12, 2024
S&P Global Ratings found there's also a rise in companies that default multiple times.
Defaults were up 80% last year, the fastest rise since 2008. Over one-third of the defaults in 2023 and so far in 2024 come from companies that previously defaulted, said Nicole Serino with S&P Global.
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Corporate debt is getting more expensive. That's not necessarily a problem.

Oct 27, 2023
Both government and corporate bond yields have been climbing. For many companies, though, higher revenue more than covers the cost.
A lot of companies sold bonds to investors a few years ago, when interest rates were low.
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2023 has been a year for bankruptcy

May 18, 2023
More than 230 companies declared bankruptcy before the end of April. What is happening?
David’s Bridal is among the more than 230 companies that declared bankruptcy before the end of April.
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Corporations are still borrowing, despite high interest rates

Jan 5, 2023
Many companies are borrowing now — if they can — in a bid to get ahead of further rate hikes this year.
Some companies are borrowing now to build a rainy day fund heading into 2023.
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Why big companies are issuing bonds despite high interest rates

Sep 8, 2022
Walmart and McDonald's are among those hopping on the bond bandwagon. Some think now is a good time to borrow in case rates rise further.
Lowe's is among the retailers to issue bonds. Some companies think borrowing costs may be higher later on.
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Corporate bond yields have been rising, too

Mar 23, 2021
Bond investors are demanding higher corporate bond yields. That's a good sign about where the economy's headed this year.
Bond investors expect inflation to pick up this year, though Fed Chair Powell doesn't expect it to have a lasting impact on overall inflation.
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Corporations pile on debt to survive pandemic

Jan 25, 2021
But eventually they'll need to make enough money to pay it back. Will changes in consumer behavior be permanent?
The pandemic has left corporations like AMC with no option but to go into debt in order to see another day.
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For public good, not for profit.

Why commercial lending fell last quarter despite low interest rates

Dec 2, 2020
The report found that bank lending volume fell in the most recent quarter, driven by decreases in commercial and industrial lending.
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After a 3-month borrowing spree, corporations put the brakes on more debt

Jul 6, 2020
Some borrow less because they're optimistic, some because they're pessimistic and some because they're cautious.
A face mask hangs on a fence outside the New York Stock Exchange. Corporate borrowing has slowed as companies reconsider the economic future.
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Companies are borrowing like crazy, even though their incomes are down

May 28, 2020
For some, borrowing's a lifeline. For others, it's a bargain.
A Hertz car-rental office in New York. The company filed for bankruptcy after amassing $19 billion in debt.
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