Distressed Asset Report: February 2021

Distressed Assets

While the Consumer Discretionary sector continues to face turmoil, most private equity portfolio companies appear to have cleared the worst the pandemic has to offer.

February continued a trend of fewer distressed portfolio companies as well as defaults. With one default, it matches the lowest amount since The Buttonwood Tree began to track distressed assets in April 2020. What’s more, February was the first instance since then to have a single-digit total for distressed assets.

In all, just nine portfolio companies were deemed to be distressed for the month of January, with eight companies receiving distressed ratings and one defaulting on loans.

January, in which 13 total companies were deemed distressed, was the previous low, making this two consecutive months of improving pro...

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