By Elena Moya LONDON, Aug 30 (Reuters) - Rising interest rates and a glut of cheap debt have left a black cloud over some of Europe's corporations that could burst next year, pushing some firms into bankruptcy, a top Deutsche Bank banker said. Increasing appetite for distressed debt -- or loans that trade below face value -- has lifted their price, limiting the potential bargains for investment banks and hedge funds. As a result, the trading of distressed debt will be flat through the ...
Premium Content (PAID Subscription Required)
"Deutsche says cheap debt hangs over European firms" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642