The backdrop for 2024 is expected to be tenuous, with tighter financing conditions and softer economic growth. Credit deterioration is anticipated, particularly in lower-rated credits and sectors exposed to a decline in consumer spending.
This report from S&P Global Market Intelligence examines the current trends and insights in global defaults and presents eight real-life case studies of companies that have experienced financial distress and eventual default. The report highlights the importance of using robust quantitative models to detect early warning signs of credit deterioration.