Respondents to the latest IACPM Credit Outlook Survey overwhelmingly forecast rising corporate defaults globally over the next 12 months.
Even as credit conditions have begun to deteriorate globally, the latest IACPM Credit Outlook Survey forecasts even higher defaults and wider credit spreads in the months ahead.
The IACPM provided comments to the International Sustainability Standards Board (ISSB) on Exposure Drafts IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures.
Members of the International Association of Credit Portfolio Managers responding to the latest IACPM Credit Outlook Survey forecast rising credit defaults globally.
Increased defaults will be driven by continued expectations for higher inflation and rising interest rates as well as supply chain issues.
A confluence of higher inflation, rising interest rates, supply chain issues and labor shortages have prompted respondents to the latest IACPM Credit Outlook Survey to forecast wider credit spreads over the next three months.