Corp. Default Rate Reaches 9.2%

Sheahan, Matthew
July 2009
High Yield Report;7/13/2009, Vol. 20 Issue 28, p1
The article focuses on a report issued by Standard & Poor's which noted that the U.S. speculative-grade corporate default rate reached 9.16 percent in June 2009. The yearly total number of companies that defaulted was 119 as another 18 companies defaulted in July. Spreads are still at historically at high levels, according to the report.


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