Will PE firms help prevent corporate defaults?
A sizeable number of troubled high yield bonds are from private equity-backed companies. What are the chances their general partner owners will help bail them out?
Credit rating agencies are forecasting rising levels of bond defaults due to Covid-19 – but these gloomy predictions may underestimate the readiness of private equity backers to recapitalise struggling companies or overstate the need that such cash injections may be needed.
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