Q2 default rate at record low

The global high-yield default rate was at a 12-year low in the second quarter. According to Moody's data, the default rate was 1.4% in Q2, down from 1.5% in Q1, hitting its lowest level since March 1995. Four of the five issuers rated by Moody's that have defaulted since the start of the year are US companies. Moody's forecasts the default rate for high-yield bonds will rise to 1.9% by the end of the year.

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