Corporate debt as serious risk to global financial stability
12 December 2019
Ballooning non-financial corporate debt could pose a serious risk to global financial stability, RWC Partners has warned. According to Clark Fenton, portfolio manager, diversified returns, at RWC Partners, the market cycle has reached the ‘over-extended leverage’ phase, where both corporate and consumer debt is growing, with asset valuations high and defaults ticking up. Fenton...