Default, Transition, and Recovery: Global Corporate Default Update (Dec. 22 - 28, 2011) Dec 11

Standard & Poors, December 2011

Abstract
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.

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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.

Delta Petroleum Corp.

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