Default Rate Declines Below 2% In September--The Lowest Level Since April 2008, Article Says Oct 11

  • ID: 1928052
  • October 2011
  • Standard & Poors
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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...

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Research type: News
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