Fitch: Insolvency Regimes in Spotlight as Investors Look to Next Default Cycle

Fitch Ratings-London/Frankfurt/New York-13 February 2014: Fitch Ratings says in a new report that losses from the next leveraged finance default cycle may be significantly in excess of previous cycles. This reflects weakening new-issue rating mix in bond and loan markets as leverage levels rise and covenants become increasingly lax in both the US and European markets.

“Knowledge of insolvency regimes will be critical to cross-border investors when determining recovery and pricing in relative creditor rights,” says Sharon Bonelli, Managing Director in US Corporates.

 Read full Article at https://www.fitchratings.com/creditdesk/press_releases/detail.cfm?pr_id=820473&cm_sp=homepage-_-Featured_Content_Archive-_-Insolvency%20Regimes%20in%20Spotlight%20as%20Investors%20Look%20to%20Next%20Default%20Cycle

 

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About AIWMI

The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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