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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 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 READ MORE >

Note: Product cover images may vary from those shown
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- 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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