Distressed Asset Monthly Report: June — The Buttonwood Tree

The amount of casualties left in the wake of COVID-19 continues to tally. Seven additional private equity-owned companies defaulted in June, six by way of the Consumer Discretionary sector.

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In all, 34 private equity portfolio companies received distressed ratings during the month of June 2020.

Distressed ratings are defined as an issuer credit rating of B- or lower with a negative outlook from S&P or a corporate family rating of Caa1 or lower with a negative outlook from Moody’s.

Originally published at https://buttonwoodtree.net on July 7, 2020.