Your Virtual Credit Manager

FEBRUARY 13, 2024

Historically, business failures increase after a recession. After, the Great Recession of 2008, commercial bankruptcies peaked in 2009 and did not drop below pre-recession levels until 2012. Following the sharp but short Covid Recession, roughly 5 million small businesses closed shop in the first six months after the economic shutdown, but commercial bankruptcies did not begin increasing until May of 2023, ostensibly due to the government’s economic stimulus programs.

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Bankruptcy Credit and Collections Bad Debt Accounts Receivable (AR) 130

Due

FEBRUARY 13, 2024

When you picture your retirement, what comes to mind? You might envision yourself relaxing on a beach, spending time with family, traveling the world, or participating more in your favorite hobbies. It’s an exciting vision of a luxurious, enjoyable life. However, not everyone is excited about the idea of retirement. Some people don’t like the idea of leaving work or being forced out of the workplace.

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Credit and Collections 116

Credit Management Group UK

FEBRUARY 13, 2024

We hope this blog finds you well. If there is anything you would like to see more of in our round ups from more Credit Management Hints & Tips to help on E-learning webinars let us know: COMMERCIAL CREDIT MANAGEMENT Demand for guarantee backed SME finance rose by 68% in 2023 Fifth of SMEs want to re-join European Union Construction section hit by 4,370 insolvencies in the past year Small firms call out energy suppliers over increase in standing charges REGULATION & COMPLIANCE Future of b

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Credit Management 71

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FEBRUARY 13, 2024

How often have you heard that “90% of millionaires made their wealth through real estate?” Real estate gurus frequently make this claim, and it has a certain allure. It’s a catchy phrase that suggests that the path to wealth is straightforward and accessible to anyone willing to invest in real estate. However, this claim is not entirely accurate.

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Loomis Sayles Credit Research

FEBRUARY 13, 2024

Throughout 2023, our analysts opined on risks related to commercial real estate (CRE) and their lenders. There was plenty to say about these sectors amid high vacancy rates, rising inflation rates, higher interest rates and the failure of three mid-size US banks and one large foreign bank—circumstances that left many investors holding their breath and wondering if there would be another shoe to drop.

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Insurance Companies Default 70

Reorg Blog

FEBRUARY 13, 2024

Investors are wondering how Swedish debt collector Intrum is going to manage its upcoming maturity wall. While the group has committed to a deleveraging strategy, its implementation seems to be going behind schedule.

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Collector 59

Reorg Blog

FEBRUARY 13, 2024

GMR Airports Ltd. raised INR 22.5 billion ($271 million) through a private placement of non-convertible debentures, or NCDs. JPMorgan Securities Asia Pvt. Ltd., HSBC Gift City and Navi Finserv joined Tata Capital, Aditya Birla Capital Ltd and Credit Solutions India Trust - the India entity of Varde Partners, two sources close to the situation said.

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Biz2X

FEBRUARY 13, 2024

Reading Time: 3 minutes The year 2023 saw the financial sector navigating an era of unprecedented digital transformation driven by the rapid adoption of Artificial Intelligence (AI) and alternative data as tools in risk management strategies. This marks a significant departure from traditional approaches, catalyzed by the surge in digital transactions and the proliferation of cloud computing.

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Transactions Small Businesses 52

Reorg Blog

FEBRUARY 13, 2024

Greenko Energy Holdings has decided not to go ahead with its proposed USD bond issue this week due to volatility in interest rates, after the U.S. Federal Reserve on Jan. 31 decided to maintain the overnight federal funds rate between 5.25% to 5.5%, two sources close and one familiar with the situation said. The company may look at an issue after the lunar new year, the sources said.

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Reorg Blog

FEBRUARY 13, 2024

The post Intrum Senior Secured Debt Capacity Wouldn’t Permit Full €1.27 Billion Maturity Refinancing in 2025; Asset Sale Proceeds Must Repay all Senior Notes Pro Rata appeared first on Reorg.

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Reorg Blog

FEBRUARY 13, 2024

The post UPDATE 4: GAL Raises ~INR 23B Through Privately Placed NCDs; JPMorgan Securities, Tata Capital, Navi Finserv, HSBC Gift City, Aditya Birla Capital, Varde Among Investors appeared first on Reorg.

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