TITLE

Moody's: No Coming Spike in HY Defaults

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
September 2011
SOURCE
High Yield Report;9/26/2011, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article highlights the content of Moody's Investors Service report that there will be no increase in defaults among speculative-grade companies despite the European sovereign debt crisis and the possible double-dip U.S. recession. The Moody's report indicated that the credit market fundamentals remain strong since many companies have refinanced for the last 2 years and have cut operating costs. The U.S. speculative-grade default rate is forecasted to remain low at 2.2% for the next year.
ACCESSION #
66187632

 

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