Insolvencies are likely to rise amid a perfect storm of rising interest rates, higher costs and a slowing economy.
All the indicators show that insolvencies will rise and I think that our message is that management teams need to be taking advice earlier and recognising the problem earlier, Sarah Rayment, the new co-lead of global restructuring at Kroll told City AM.
Rayment highlighted that rising interest rates would make it very difficult for firms to refinance debt over the coming years.
Businesses on two or three-year facilities that traded through Covid may now be looking to refinance or renew faci…
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