Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago | iMarketNews.com
WASHINGTON (MNI) - Moody's said Wednesday that the default rate for global speculative-grade debt fell to 5.0% in August vs. 12.3% a year ago, while it was 5.1% in the U.S. and down to 4.:
The trailing 12-month global speculative-grade default rate fell from 5.5% in July to 5.0% in August, said Moody's Investors Service in its latest default report. A year ago, the global speculative-grade default rate stood at 12.3%.
The ratings agency's default rate forecasting model now predicts that the global speculative-grade default rate will fall to 2.7% by the end of this year and then edge lower to 2.0% a year from now. ...
iMarketNews.com Moody's:Aug Global Spec Grade Default Rate 5.0% V 12.3% Yr Ago
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