Posted 10/26/2023, 11:07:00 PM
Rising Rates to Trigger More Corporate Debt Defaults, Janus Henderson Warns
- Interest rate hikes will lead to more corporate defaults in coming years, per Janus Henderson report
- Rising borrowing costs hurt companies' ability to pay interest and refinance debt
- Defaults already up this year to 118 globally, nearly double 2021 total
- Small and medium enterprises will struggle most to secure financing
- Some short-term respite as debt maturities low next 12-18 months, but long-term risks mounting
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