DISTRESSED DAILY: Restructuring May Not See ‘Blowout’ Year

Corporate restructuring should moderately increase this year, but may fall short of the default wave some troubled-companies experts are expecting, according to FTI Consulting’s Michael Eisenband.

Indicators of corporate distress — like default forecasts from credit graders and a distressed debt ratio — are pointing to an uptick, rather than a spike, of restructuring activity in the year ahead, Eisenband, global co-leader of the corporate finance and restructuring segment at FTI, wrote in a note.

“For the restructuring profession, 2023 is set up to be a strong year for corporate distress and reorganization whether a recession materializes or ...