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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free registration? Click here

This address will be used to create your account

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 individual account here