Moody's: European default rate falls to 5.8% - MarketWatch

Moody's: European default rate falls to 5.8% - MarketWatch

By Sue Chang

SAN FRANCISCO (MarketWatch) -- The European speculative-grade default rate fell to 5.8% in the second quarter from 7.3% in the first quarter, Moody's Investors Service said Thursday in a report. The rate was 7.4% at this time last year. Globally, the trailing 12-month global speculative-grade default rate slid to 6.1% from 10% in the previous quarter. Moody's expects the global speculative-grade default rate to fall to 2.4% by the end of this year, and then ease further to 1.8% by the second quarter of 2011, based on its default rate forecasting model.

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MarketWatch Moody's: European default rate falls to 5.8%
Reuters Global junk default rate to fall below 2 pct-Moody's