More US corporate debt distress ahead, experts say

Newswire

By Dena Aubin NEW YORK, Dec 21 (Reuters) - Investors in distressed debt appear to have little to celebrate as 2005 draws to a close, with a strong economy keeping defaults low, but market veterans say a new wave of distressed debt supply may not be far away. An increase in over-indebted balance sheets combined with high costs for everything from oil to steel will push more businesses into financial stress next year even if bankruptcies and defaults remain low, experts in distressed debt ...

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