Default Rate Declines Below 2% In September--The Lowest Level Since April 2008, Article Says Oct 11
- ID: 1928052
- October 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Oct. 3, 2011--Despite continued weakness in the U.S. economy and lingering uncertainty in the financial markets, U.S. defaults are still rare, said article published today by Standard & Poor's Global Fixed Income Research, titled "U.S. Credit Metrics Monthly: Default Rate Declines To An Estimated 1.9% In September." "Only one U.S. company, NewPage Corp., defaulted in September," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The 12-month trailing speculative-grade corporate default rate further declined to an estimated 1.94% in September, from 2.09% in August." The U.S. default rate has been declining steadily since year-end 2009. However, the default rate is a lagging indicator and an increase usually results from sustained deterioration in...
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.