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Default, Transition, and Recovery: Global Weakest Links And Default Rates: The Corporate Default Rate Declines To 2%--Its Lowest Level Since Third-Quarter 2008 Aug 11

  • ID: 1858334
  • August 2011
  • Region: Global
  • Standard & Poors
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FEATURED COMPANIES

  • ATI Acquisition Co.
  • Buffets Inc.
  • FirstBank Puerto Rico
  • MORE

Abstract
The number of global weakest links increased slightly to 109 as of July 20, 2011, from 107 as of June 21. The weakest links are issuers rated 'B-' and lower with a negative outlook or ratings on CreditWatch negative. The 109 weakest links have total rated debt worth $184 billion. So far, only 21 issuers have defaulted in 2011 (through July 22)--six more since June, with a combined outstanding debt worth $43.20 billion. Eighty-two issuers defaulted on debt worth $97.48 billion in 2010 and 264 issuers defaulted on debt worth $627.7 billion in 2009. The highlights from this month's report are: The 12-month-trailing global corporate speculative-grade default rate decreased to 2.00% in June from 2.18% in May. Regionally, the U.S....

Companies mentioned in this report are:
- FirstBank Puerto Rico
- AMF Bowling Worldwide Inc.
- Buffets Inc.
- Centrais Eletricas do Para S.A.
- Hudson Products Holdings Inc.
- ATI Acquisition Co.
- Orchard Supply Hardware LLC

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- FirstBank Puerto Rico
- AMF Bowling Worldwide Inc.
- Buffets Inc.
- Centrais Eletricas do Para S.A.
- Hudson Products Holdings Inc.
- ATI Acquisition Co.
- Orchard Supply Hardware LLC

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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