Default rate edges up



In what may signal a turning point for future corporate defaults, Moody’s Investors Service global speculative-grade default rate edged up to 2.5% in February from 2.3% in January. Moody’s default forecasting model indicates that the default rate is set to gradually increase over the first half of 2005, break higher in the last six months, and reach a 3.2% level by the end of February 2006.

David Hamilton, Moody’s head of default research, says, “For several months now, Moody’s has been predi

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: