Bonds

European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors

European ‘zombie’ companies have three to six months' runway before defaults rise, says Aviva Investors

Concern is growing over a likely spike in defaults among so-called ‘zombie’ companies that have stayed afloat during the coronavirus pandemic by relying on government stimulus and increasing their debt loads, but will struggle to keep servicing loans as government schemes roll back.

ESG & responsible investing

Barclays, Citi, Santander among banks yet to “fully embed” ESG practices

Barclays, Citi, Santander among banks yet to “fully embed” ESG practices

Thirty banks including Barclays, BBVA, Citi, Credit Suisse, Santander and UBS, were assessed on how they have integrated ESG factors into their commercial practices, and none were judged to be ‘outstanding’, according to a new benchmark report by audit, accounting, and consulting firm Mazars. 

Bonds

Breckinridge sees further tightening in US corporate debt spreads after wild bond market swings in H1

Breckinridge sees further tightening in US corporate debt spreads after wild bond market swings in H1

Fixed income managers have seen a hectic first half of the year in 2020. In the US, a typical year’s worth of new issues was printed in the space of just four months, as the onset of the pandemic forced companies to take urgent action to shore up their finances.