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.

"Tentative signs of moderation in the risk appetite for leveraged credit, as signalled by increases in credit spreads and a more discriminating new issue market, certainly have not yet had any impact on corporate default rates," says Kenneth Emery, director of corporate default research at Moody

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