TITLE

Worldwide bond default rates hit a five-year high in 1998

PUB. DATE
May 1999
SOURCE
Business Credit;May99, Vol. 101 Issue 5, p60
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the rise in worldwide bond default rates in 1998. Surge in dollar volume of defaulted debt in corporate and sovereign bond markets; Key factors pushing defaults higher; United States'-based issuers pinpointed as primary source of bond defaults; Forecast that default rates will be moderate in 1999; Surge in debt issuance over record total in 1998.
ACCESSION #
1831704

 

Related Articles

  • Defaults on the rise. Leibs, Anthony // High Yield Report;8/30/99, Vol. 10 Issue 33, p3 

    Reports on an increase in bond defaults in 1999, as compared to the year before.

  • Canadian Issuers Mirror Glb Default Trend. J.B. // High Yield Report;5/3/2004, Vol. 15 Issue 18, p2 

    Reports on the decline in the default rate for high-yield bond issues in Canada for 2003. Performance of junk-rated issues; Comparison with the default rate in 2002; Corporations whose bond issues went into default.

  • FACTORS AFFECTING SEASONED CORPORATE BOND PRICES. Boardman, Calvin M.; McEnally, Richard W. // Journal of Financial & Quantitative Analysis;Jun81, Vol. 16 Issue 2, p207 

    In this paper prices of corporate bonds are decomposed into elements associated with (1) the pure price of time, (2) the default risk of the agency rating class to which the bond is assigned, and (3) the unique risk and ancillary features of the bond itself.

  • JPMorgan: Rally Has Slowed Defaults. Kellerhals, Richard // High Yield Report;7/20/2009, Vol. 20 Issue 29, p3 

    The article focuses on a forecast by JPMorgan analysts that the default rate for high yield bonds will increase as high as 9% in 2009 and drop to 7% in 2010. JPMorgan forecasted that defaults will peak at 12% by the end of 2009 and drop to 10% in 2010 before the rally in the high yield bond...

  • Fitch releases 2004 CMBS bond default study. Runyan, Sally A. // Asset Securitization Report;6/14/2004, Vol. 4 Issue 24, p14 

    Reports on the study Fitch Ratings covering commercial mortgage-backed securities (CMBS) issued from 1990 to 2003. Amount of defaulted classes out of all the CMBS transactions; Slight increase in default rate; Investment-grade defaults; Years with highest default rates; View that 2001 and 2003...

  • DAYS OF WINE AND DEFAULTS. Loomis, Carol J. // Fortune International (Europe);3/3/2008, Vol. 157 Issue 4, p11 

    This article focuses on Edward Altman of New York University and his observations of junk-bonds. The article explains that each time a bond default arises, he drinks wine with his wife, Elaine. Altman anticipates that the bond default rate in 2008 will be close to ten times the rate of 2007, and...

  • DAYS OF WINE AND DEFAULTS. Loomis, Carol J. // Fortune;3/3/2008, Vol. 157 Issue 4, p16 

    This article focuses on Edward Altman of New York University and his observations of junk-bonds. The article explains that each time a bond default arises, he drinks wine with his wife, Elaine. Altman anticipates that the bond default rate in 2008 will be close to ten times the rate of 2007, and...

  • Corporate Defaults. Latson, Joshua // Yale Economic Review;Fall2010, Vol. 6 Issue 2, p8 

    The article examines the defaults of non-financial bonds over the past 142 years in the U.S. It cites the working paper of Kay Giesecke, Francis A. Longstaff, Steven Schaefer, and Ilya Strebulaev, which aims to provide a historical context for the large record of bond data collected. They found...

  • S&P: HY Rally Could Stall This Summer. Sheahan, Matthew // High Yield Report;7/13/2009, Vol. 20 Issue 28, p9 

    The article focuses on a report issued by Standard & Poor's which noted that the high yield rally that the credit markets have seen could slow down. The reasons for the anticipated slow down are increasing default rates and a negative near-term economic outlook. There has been a decline in the...

Share

Read the Article

Other Topics