As fallout from the pandemic accelerated, in the second quarter almost 60 percent, or 22 of all non-energy defaulters, belonged to private equity firms, according to a recent Moody’s report. This affected more than $13 billion in leveraged loans and $4 billion in bonds, reports sister title PE Hub.
LBOs responsible for over half of Q2 defaults: Moody’s report suggests
Private equity-owned LBOs are dominating the expanding pool of speculative-grade defaults.
