IACPM Credit Outlook Survey Strongly Forecasts Rising Corporate Defaults Globally Over the Next 12 Months; No Region Will Be Spared; Timing Remains Elusive

New York, NY – Respondents to the latest IACPM Credit Outlook Survey overwhelmingly forecast rising corporate defaults globally over the next 12 months. Ninety one percent of respondents expect defaults to rise in Europe. Eighty eight per- cent say defaults will increase in North America and 68% think they will rise in Asia. At the same time, respondents point out defaults remained low last year despite higher inflation and rapidly rising interest rates. Indeed, there has not even been much credit deterioration.