Davis Polk partner and Restructuring co-head Damian Schaible was quoted in the Wall Street Journal on the Federal Reserve’s expected interest rate hikes and the impact they could have on companies that have borrowed heavily in recent years. Damian noted that “For companies where liquidity was already an issue, this could be a game changer.”

“Corporate Defaults Expected to Inch Higher as Federal Reserve Tightens,” Wall Street Journal (May 4, 2022) (subscription required)

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