UK companies more distressed than European rivals, Moody s finds
UK has the highest number of distressed companies in Europe, according to data from Moody’s.
The number of distressed companies in the EMEA region remains close to record highs, with the UK surpassing any other country, as the coronavirus fallout continues to weigh on economic recovery.
Distressed companies, defined by Moody’s as companies with a B3 negative rating or lower, fell to 113 in December which was only slightly lower than the all-time high of 130 in June last year.
The UK had the highest number of distressed companies, with 28 bearing a B3 negative rating or lower, while Germany showed the most volatility.