European High Yield Maturity Wall & Tariffs pressure

In March 2025, there were no defaults in the European high-yield market, but few companies moved forward with recapitalization plans. Issuers with 2026 liabilities could face refinancing challenges if the trade war continues and primary markets remain closed, especially issues rated single-B or less. But this scenario is not imminent.

Read in-depth insights in our Fixed Income Credit Markets – April 2025