Research And Markets Research And Markets

Default, Transition, and Recovery: S&P Global Bond Markets' Weakest Links And Monthly Default Rates Oct 02

  • ID: 1787430
  • October 2002
  • Region: Global
  • Standard & Poors
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  • Abraxas Petroleum Corp.
  • Avado Brands Inc.
  • Encompass Services Corp.
  • iPCS Wireless Inc.
  • Pac-West Telecomm Inc.
  • SK Hynix Inc.
  • MORE

Standard & Poor's today identified 58 of the weakest-rated global issuers, representing US$44 billion in rated bonds. This is an increase of five issuers but a decrease of US$2 billion in rated bonds from one month ago. These weakest-rated issuers have Standard & Poor's credit rating designations of triple-'C' or lower and are either on CreditWatch with negative implications or have a negative outlook. This group represents the lowest category before default. Globally, default rates, driven by Argentine defaults and continuing weak credit conditions in Europe, will surpass last year's investment-grade ratio of 0.24% and rival 2001's speculative-grade rate of 8.89%. Estimates for U.S. default rates this year have been revised. The downward revised forecast for the U.S. speculative-grade default...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Conseco Finance Corp
- High Voltage Engineering Corp.
- La Petite Academy Inc.
- CNO Financial Group Inc.
- HCC Industries Inc.
- Granite Broadcasting Corp.
- Sports Club Co. Inc. (The)
- Empresas ICA S.A.B. de C.V.
- Venture Holdings Co. LLC
- ShoLodge Inc.
- Residential Credit Solutions Inc.
- UnitedGlobalCom Inc.
- IMAX Corp.
- Telewest Communications PLC
- NRG Energy Inc.
- Avado Brands Inc.
- American Skiing Co.
- Poland Communications Inc.
- Abraxas Petroleum Corp.
- Loral Space & Communications Ltd.
- Petrobras Argentina S.A.
- REV Holdings Inc.
- Hynix Semiconductor Manufacturing America Inc.
- SK Hynix Inc.
- Delta Mills Inc.
- HomeGold Financial Inc.
- Microcell Telecommunications Inc.
- Southwest Royalties Inc.
- Northland Cable Television Inc.
- Fields (Mrs.) Original Cookies Inc.
- ALM Media Holdings Inc.
- Elgar Holdings Inc.
- Panavision Inc.
- Rural/Metro Corp.
- Hudson Respiratory Care Inc.
- Level 3 Communications Inc.
- American Cellular Corp.
- Roma Restaurant Holdings Inc.
- UPC Polska LLC
- Jones Media Networks Ltd.
- IRSA Propiedades Comerciales S.A.
- Sirius XM Radio Inc.
- BGF Industries Inc.
- Special Devices Inc.
- Marconi PLC
- Camuzzi Argentina S.A.
- Pac-West Telecomm Inc.
- Cherokee International LLC
- Alestra S. de R.L. de C.V.
- Holley Performance Products Inc.
- Allegiance Telecom Inc.
- Aavid Thermal Technologies Inc.
- NRG Northeast Generating LLC
- Leap Wireless International Inc.
- Encompass Services Corp.
- Ziff Davis Media Inc.
- Key3Media Group Inc.
- One Communications Corp.
- iPCS Inc.
- iPCS Wireless Inc.
- iesy Hessen GmbH
- Genuity Inc.
- Xcel Energy Inc.
- AirGate PCS Inc.

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Note: Product cover images may vary from those shown