TITLE

S&P: Distressed Ratio Declining

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
September 2009
SOURCE
High Yield Report;9/28/2009, Vol. 20 Issue 39, p9
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports on the 23.5% drop in the U.S. distress ratio as of September 15, 2009, according to Standard & Poor's (S&P). For this month, the amount of affected debt dropped to 101.9 billion U.S. dollars from 116.4 billion U.S. dollars in August. S&P claims bank, insurance, media and high tech sectors posted distressed ratios beyond their traditional distress levels. The drop in the distressed ratio coincides with a further tightening of corporate bond spreads, S&P noted.
ACCESSION #
45125161

 

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