Judicial recovery cases still reflect the aftermath of the pandemic

In an editorial, Valor examines why judicial recovery still reflects the aftermath of the pandemic: companies that borrowed at low rates in 2020 and 2021 then faced higher rates, scarcer credit and weaker cash generation, with many contracts maturing through 2025. The text cites Gol's US filing and corporate default at 3.58%. Among the consultancies reporting more demand for debt renegotiations, it mentions a TCP Partners report that tracks 60 sectors and projects a 6% rise in judicial recovery filings in 2024, after a record 1,405 filings in 2023 (Serasa Experian).