Respondents to Latest IACPM Credit Outlook Survey Say Defaults Are Already Rising With More Expected As Interest Rates Stay High-er For Longer; That Said, Borrowers Are Doing Better Than Expected
New York, NY – Respondents to the latest IACPM Credit Outlook Survey are forecasting rising defaults over coming months with some saying they’re already see-ing an increase, especially among smaller borrowers. The IACPM Aggregate Credit Default Index is minus -44.1 this quarter compared to negative -36.5 last quarter, which means more respondents expect higher defaults now versus in the last survey conducted three months ago.