- Economy remains on shaky footing
- Some high-profile defaults emerge
- ’Chapter 22’ for Hostess
With a stumbling economy under the threat of a “fiscal cliff,” market watchers toward year-end warned that 2013 could prove difficult for portfolio companies that are already burdened with a heavy load of debt.In some ways, market conditions have been historically benign since the financial crisis began to ease in mid-2009. Today, the stock market is up, and interest rates remain near historic lows. At the same time, yield-hungry investors are making credit ...