Debtwire Publishes North American Distressed Debt Market Outlook 2009
An Overwhelming 91% of Respondents Expect the Rate of Distressed M&A Transactions to Increase in 2009
NEW YORK–(BUSINESS WIRE)–Debtwire, a publisher of real-time news and data for financial professionals in fixed income markets, today released a timely report revealing that a majority of asset managers and traders surveyed anticipate a rise in North American distressed M&A deals in 2009 as consolidation and forced sellers scramble to deal with the current economic climate.
The North American Distressed Debt Market Outlook 2009, produced in conjunction with Bingham McCutchen LLP, FTI Consulting, Inc. and Macquarie Capital (USA) Inc., is based on interviews with 100 hedge fund managers, prop desk traders and other asset managers to forecast their anticipations for distressed debt in the region over the coming year.
