- Language: English
- 81 Pages
- Published: January 2011
- Region: United Arab Emirates
Default, Transition, and Recovery: Global Corporate Default Update (Dec. 22 - 28, 2011) Dec 11
- Published: December 2011
- Region: Global
- Standard & Poors
No global corporate issuers defaulted since our last report, leaving the 2011 tally at 51 issuers. Of the total defaulters this year, 37 are based in the U.S., four are based in New Zealand, three are in Canada, and one each is in the Czech Republic, Greece, France, Israel, Italy, Russia, and the United Arab Emirates. Of the defaulters by this time in 2010, 61 were U.S.-based issuers, 10 were from the other developed region (Australia, Canada, Japan, and New Zealand), eight were from the emerging markets, and two were European issuers. In 2011, 21 issuers defaulted because of missed interest or principal payments and 12 because of bankruptcy filings--both of which were among the top reasons for defaults in...
Companies mentioned in this report are: Delta Petroleum Corp.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
SHOW LESS READ MORE >
Delta Petroleum Corp.