Rising Tide of Corporate Debt Defaults: An 80% Surge in 2023 Signals Troubling Trends Ahead In 2023, corporate debt defaults experienced a substantial 80% increase, with 153 companies failing to meet their debt obligations, compared to 85 the previous year. This rate was the highest in seven years, excluding the peak during the Covid-19 crisis. The defaults were predominantly among low-rated companies with negative cash flows, heavy debt burdens, and weak liquidity, especially in the consumer-facing sectors, such as media and entertainment. According to S&P Global Ratings, the situation may remain challenging in 2024. Corporate America, currently shouldering a $13.7 trillion debt load, may face further credit deterioration, especially among lower-rated issuers. Despite potential rate cuts, financing costs are expected to stay high. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts We Are 'Late In the Game' of Controlled Financial Demolition READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part I) READ MORE Gold Slides Below $2,000 As U.S. Inflation Exceeds Expectations READ MORE A Guide to Trading Gold and Silver Futures Contracts READ MORE ZeroHedge: Arizona Joins BRICS, Druckenmiller Buys Barrick READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment