Co-CEO PJ Patel spoke to the Wall Street Journal about the effects of high interest rates on goodwill impairments.

He explained that impairments are stabilizing at a higher level than in years past due to higher rates and their impact on the companies’ cost of capital. Patel added that impairments may also increase as more companies get around to refinancing their debt at increased rates:

“Certain highly acquisitive companies that have made big bets on certain sectors now have a higher cost to capital and that’s going to lead to more and bigger impairments in this environment.”

Read the full article here.