Corporate defaults soar as credit quality slides

News

lawton-feb02-gif
Corporate credit quality in Western Europe is set to continue declining in 2002, in spite of downgrades already hitting record levels last year, according to a report by Moody’s Investors Service.

The corporate sector suffered 123 downgrades last year against just 16 upgrades, representing $458.2 billion and $24.1 billion of debt respectively. Last year the telecoms industry alone accounted for 37% of all corporate sector downgrades. Deterioration this year is likely to be more widespread, a

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: