Thomson Reuters released its Distressed debt & bankruptcy review for the first nine months 2017, showing double digit decreases in activity compared to the same period last year.

Completed distressed debt and bankruptcy restructuring activity totaled $156.4 billion during the first nine months of 2017, with 204 completed restructuring transactions worldwide, 43 fewer compared to the first nine months of 2016. Accordingto the new data, the two largest completed transactions during the first nine months of 2017 were the $9.9 billion debt restructuring of Abengoa SA and the $8.8 billion debt restructuring of Peabody Energy Corp.

Thomson Reuters reported that U.S. completed deal activity totaled $70.7 billion during the first nine months of 2017, a 28% decrease compared to the first nine months of 2016. There were 73 restructuring transactions completed in the U.S. during the period, 16 fewer deals than completed during the first nine months of 2016. The Energy & Power sector accounted for 53% of the US debt restructuring market. The Materials sector followed in second, with an 18% share.