Moody’s: junk default rates to peak in Q4

Defaults of speculative-grade entities will peak in the fourth quarter in Europe and the US, says Moody's Investors Service.

The New York-based credit rating agency predicts the default rate for European speculative-grade (Ba1– C) debt will rise from 9.3% in the third quarter to a peak of 10.9% in the fourth quarter, before dropping to 6% by the third quarter of 2010.

In the US, default rates for speculative-grade issuers will hit a peak of 13.5% in the fourth quarter, up from 12.9% in the third

To continue reading...

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 indvidual account here: