Speculative-grade default rates around the world have risen steeply, according to credit rating agency Moody’s.
More than £1.1bn of fraud came before the UK courts last year, the second highest level recorded in 21 years and exceeded only in 1995, according to KPMG Forensic.
At a time when the global liquidity crisis is expected to fuel new merger and acquisition (M&A) activity this year, a report has claimed that failure rates remain at a high level despite the growing corporate experience of mergers over the last seven years.
