What happens when a company defaults?

Corneleo Keevy, Head of Credit Risk Management at Ashburton Investments will discuss what happens when a company defaults? Following the announcement by the Land and Agricultural Development Bank of South Africa (Land Bank) that it defaulted on its debt obligations, there has been many questions regarding the impact on credit exposures when an event of default occurs. Further, the potential negative financial impact of the COVID-19 lockdown on corporate earnings, has raised concerns from investors of more events of default occurring in the South African credit market. This webinar will look to provide some more clarity on what leads to events of default as well as the approach debt funders can take when such events occur.