Oaktree’s Howard Marks Expects More Companies to Default on Debt

Oaktree Capital Management co-founder Howard Marks predicts that more companies will default on their debt due to higher interest rates making it difficult for struggling companies to raise capital.

yahoo.com

Relevant topic timeline:

9/15/2023

US Corporate Debt Defaults Surge 176% in 2023 as High Interest Rates Push More Businesses into Distress

US companies have experienced a 176% increase in debt defaults in the first eight months of 2023 compared to the same period in 2022, with high interest rates pushing businesses into financial distress, particularly in the media and entertainment sector.