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A Look At The Dynamics Shaping DIP And Emergence Markets
Mar 09, 2010 | 00:10:10 min
The current round of U.S. corporate restructurings has been marked by accelerated bankruptcy cycles. Lenders have been generally unwilling to fund open-ended bankruptcy processes for a number of reasons, including market dislocation, volatility of distressed enterprise valuations, the recession, and changes to the bankruptcy code dating back to 2005. Standard & Poor’s Director Olen Honeyman provides a look at the forces at work in the DIP and emergence markets and what we think could occur in the near term.

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