TITLE

Corp. Default Rate Reaches 9.2%

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
July 2009
SOURCE
High Yield Report;7/13/2009, Vol. 20 Issue 28, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45106709

 

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