Distressed Assets

Quarterly round-up of distressed portfolio companies owned by private equity firms, including industry sector breakdowns, distressed ratings and defaults.

S&P and Moody’s label 71 PE-backed as distressed, up from 40 at end of Q1 Industrials leads list with 13 distressed companies A dozen PE-backed companies are in default, up from seven at end of Q1 The number of PE-backed companies with distressed credit ratings shot up 77 percent in the past three months — […]

After a rough year, 88 companies, a quarter of them from the retail sector, will look forward to a fresh start. These PE-sponsored companies received distressed ratings. They’re defined as holding credit ratings of B- or lower with a negative outlook from S&P or a corporate-family rating of Caa1 or lower with a negative outlook from […]

Nearly six dozen companies have cause for concern as 2018 nears an end, and the honeymoon is over for Clayton, Dubilier & Rice and David’s Bridal. These are private equity-sponsored companies that received distressed ratings, defined as an issuer credit rating of B- or lower with a negative outlook from Standard & Poor’s or a […]

61 PE-backed companies make S&P list Companies represent $80.5 bln in affected debt. Consumer products leads with 17 companies; media leads dollar amount The default list of PE-backed companies from Standard & Poor’s’ latest Weakest Links report grew to 12 from 1 the last time Buyouts published the list. Of the 11 new additions, two […]

86 PE-backed companies make S&P list Companies represent $151.8 bln in affected debt Oil and gas leads with 24 companies; media leads with $68 bln The Standard & Poor’s Weakest Links report reached new heights with 86 private-equity-backed companies combining for $151.8 billion in affected debt. While that’s only one more company since the previous quarterly report, […]

85 PE-backed companies make S&P list Companies represent $142.9 bln in affected debt. Oil-and-gas sector leads with 24 companies; media sector leads with $68.6 bln The number of companies in the Standard & Poor’s Weakest Links  report hit a seven-year high, with 85 private-equity-backed firms making the list. The affected debt fell 5 percent, however, to $142.9 billion from $149.9 […]

Some 33 private equity-backed companies, with a total of more than $91.3 billion in affected debt, appeared on the Standard & Poor’s “weakest links” report from November 6. That marks the highest combined affected debt in more than four years for portfolio companies on the monthly list, which highlights companies most at risk of default. […]