Transcript
04 SMEs & MidCaps go through three phases of corporate distress prior to insolvency
06 The development of the financial profile reflects the unfolding of corporate distress
08 Profitability is a leading indicator of corporate distress
09 Capitalization and leverage follow the decline in profitability
10 Interest coverage significantly declines before insolvency
Ana Boata, Senior Economist for Europe
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Kai Gerdes, Head of Analysis at Euler Hermes Rating