Default Rates Projected to Soar

BALTIMORE, Jan. 31 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN) , the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has identified several key drivers that it expects will affect corporate borrowers and restructurings in 2008. The key drivers identified by FTI Corporate Finance, which was recently rated number one on The Deal's League Table for Crisis Management firms, are as follows:

The credit markets will remain tight. Credit markets are likely to remain highly restrictive through at least the first half of the year. FTI Corporate Finance sees financing conditions worsening across most sectors as companies experiencing covenant and similar problems will be unable to easily refinance themselves out of existing facilities without incurring substantial costs and certainly more restrictive covenants. read more