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المشهد العربي
Tech sector drives rise in bad loans
Reports indicate that distressed loans in the leveraged finance market have reached an unprecedented high since the COVID-19 pandemic, with the technology sector leading the affected industries. Non-performing loans have hit record levels, reaching $65 billion in the most troubled category, up from $40 billion a year earlier, marking the highest level since March 2020. Additionally, high-yield loans trading at less than 80 cents on the dollar totaled approximately $140 billion, representing a nearly 90% increase over the past year, with major software companies contributing significantly to this rise.
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