The summer lull in European financial markets didn’t extend to distressed investing this year, and August
saw a flurry of activity. In particular it was the loan space which saw the uptick in activity which is typically
quieter than the bond market due to the private nature of the loans market. There was a sharp increase in
the number of loans classified as stressed or distressed from 75 loans from 43 companies at the end of July
to 97 loans from 49 companies at the end of August.
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