At least 25 percent of unrated European leveraged buyout companies with debt due by 2015 may default as the economy worsens and private-equity owners refuse to inject capital, according to Moody’s Investors Service.
An analysis of European LBO companies found that 254 had a combined €133 billion of debt due by the end of 2015, with more than half owed by 36 borrowers, Moody’s said in a report.
“The 2014-2015 refinancing risk remains large and worrisome...
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