|
|
 |
|
Viewing report
|
|
|
|
At 3.7% In May, The Distress Ratio Sees Little Change From The Previous Month, Article Says May 11
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 26, 2011--After tumultuous events in the Middle East and Japan earlier in the year, markets appear to be on a stronger footing, despite an increase in defaults during April, said an article published today by Standard & Poor's, titled 'U.S. Distressed Debt Monitor (Premium).' At the end of April, the speculative-grade corporate default rate in the U.S. was 2.55%, little changed from 2.47% at the end of March. Also, the U.S. speculative-grade corporate bond spread increased only slightly, to 489 basis points (bps) on May 16 from 475 bps a month earlier. 'With the increase in the corporate bond spread, the distress ratio also rose, to 3.65% on May 16 from 3.56% a month...
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
