25% of leveraged buyout firms may default, says Moody's

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.

29th May, 2012

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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