Moody's warns of 'severe default cycle'

Weak consumer spending in the US means 283 companies are now at high risk of default, rating agency Moody's has warned. In its quarterly 'Bottom Rung' list, published on March 6, the agency said there is "ample evidence of a severe default cycle". More than 23% of all US speculative grade companies are on the list, compared with 9% two years ago. As recently as early 2007, there were only 158 companies on the list, it added. In the last three months alone, only 24 companies have left the list

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Register

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

This address will be used to create your account

Most read articles loading...

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 individual account here