S&P: July Default Rate Hit 9.4%

Sheahan, Matthew
August 2009
High Yield Report;8/10/2009, Vol. 20 Issue 32, p5
The article discusses the report of Standard & Poor's about the speculative-grade default rate which reached 9.4% in July 2009, an increase from 9.25% in June 2009. The rating agency sees the default rate to achieve 14% by June 2010. It furthers that Standard & Poor's distressed ratio was 30.2% as of July 31, 2009.


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