More than 170,000 companies on the verge of bankruptcy due to the impact of delinquency

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More of 170,000 companies believe they could close due to the impact of the delinquencyenvironment at 12% of the total or three points more than last year, according to the latest report from the Credit Risk Management in Spainpublished this Monday.

Default is a real concern for more than half of Spanish companies, specifically 60% or six points more, which have already seen a negative effect on their accounts, while 48% face “significant” income losses.

The worsening of the effects of delinquency reaches higher levels in the aspects of business activity most affected by the rise in interest ratessince 29% of the business fabric registers an increase in its financial costs, eight points more than in 2021.

Likewise, 18% of companies are forced to stop their commercial expansion for this reason, five points more than last year, and 15% have to limit their new investmentswhich is four more points.

Source: lainformacion.com

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