Entering 2024, central banks have seemingly pulled off the unthinkable, an immaculate rate hiking cycle that has left global growth supported, interest rates higher and jobs largely intact. It’s a little early to call victory and the end of the story, however, it is clear the much lauded ‹once in a generation› default cycle is not quite what people expected.
So, where does this put the outlook for stress and defaults, particularly within the European mid-market space, and why should it matter to investors?
In our latest whitepaper, we look at the forces affecting speculative grade lending including:
- The evolution of the market
- The current borrowing environment
- Macro headwinds
- The timely opportunity set this offers to investors
