AMERICAS DISTRESS DAILY: Trade War Pushes Companies to the Brink

The number of companies at the greatest risk of defaulting are at an 11-month high, as uncertainty around US trade and tariffs worsened credit conditions, according to a Moody’s Ratings report.

• In the second quarter, 16 companies were added to the cohort of businesses with the highest default risk, according to Moody’s. The group now stands at 241 companies, the report shows.
• Borrowers, particularly those owned by private equity firms, are expected to opt for distressed debt exchanges to avoid bankruptcy and manage upcoming debt maturities.

In Other News:

• Braskem SA’s dollar bonds are under renewed pressure after the ...