Strength in secondary offerings overcomes weak IPO market
Tighter financing environment, declining economic growth to drive defaults
Amid growing financial strains, default volume has almost doubled
Rates staying higher will continue to drive credit outlook, Moody's says
High rates and slowing growth weighs on corporate balance sheets
Factors that drove higher interest coverage appear to be in reverse
Katie Klingensmith of Brandywine Global Investment Management says given the current real rates, there are fixed-income opportunities that have not existed in a generation or two
Companies missing interest payments signal effects of strains
Record amounts of corporate debt to come due over the next five years
Through three quarters, equity issuance is up 8% and debt rose 2%, Refinitiv reports