Category: corporate debt

US Corporate Bankruptcies Are Creeping Up: S&P Global Data

September 9, 2022
bankruptcyBusiness & MarketsCineworldCompaniescorporate debteconomyFederal Reservejerome powellUS
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U.S. corporate bankruptcy filings rose in August, according to new data from S&P Global Market Intelligence.   The S&P Bankruptcy Tracker found that there were 38 filings last month, up from 31 in July. However, despite the increase, there have been just 249 businesses that have filed for bankruptcy this year, which is the lowest…

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Severstal Could Become First Russian Company to Default on Foreign-Currency Debt

March 23, 2022
Business & EconomyCompaniescorporate debteconomyEuropeInvestmentRussiaRussia-Ukraine WarSeverstalWorld
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Severstal, a steel and mining company, could become the first Russian company to fail to make a critical interest payment on foreign-currency debt. The domestic firm had a $12.6 million coupon payment due on March 16, but it was granted a five-business-day grace period. The industrial giant possesses $800 million in loan participation notes that…

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