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Corporate debt defaults rose steeply in 2023

Apr 12, 2024
S&P Global Ratings found there's also a rise in companies that default multiple times.
Defaults were up 80% last year, the fastest rise since 2008. Over one-third of the defaults in 2023 and so far in 2024 come from companies that previously defaulted, said Nicole Serino with S&P Global.
Michael M. Santiago/Getty Images

The messy money reality at the center of the debt ceiling fight

Raising the federal government’s borrowing limit isn’t about spending. It’s about how money works.
Unless the White House and Congressional leaders can make a deal to lift or suspend the debt limit, the U.S. could default on its debts as soon as June 1.
Anna Moneymaker/Getty Images

With Russia's "selective default," some investors see opportunity

Apr 11, 2022
Investing in Russian debt while it's cheap can pay dividends but comes with uncertainty and reputation risk.
Russian Finance Minister Anton Siluanov, left, with President Vladimir Putin. Siluanov said Russia would sue if the West forces the country to default on its foreign debt.
Olga Maltseva/AFP via Getty Images

What would happen if Russia defaults on its debt?

Mar 15, 2022
"The long-term implications are severe," one expert says, and can scare away foreign investors.
Russia's economic isolationism may largely insulate global markets should Russia default on its debts.
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