Money Makers Mentor

Distressed Assets Report: November 2020

Private equity firms have reason to celebrate this holiday season. For the third consecutive month, portfolio companies have seen fewer distressed assets.

What’s more, this is the third straight month that private equity portfolio companies set a record for fewest total distressed assets in a given month since The Buttonwood Tree began to track distressed assets in April.

In all, 13 portfolio companies were deemed to be distressed for the month of November. Eight companies received distressed ratings and three defaulted on loans.

While the number of portfolio companies to receive a distressed rating held steady, defaults trended down after increasing in each of the last two months.

Source: The Buttonwood Tree; Moody’s; S&P

Distressed ratings are defined as an issuer cre…

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