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Missed Payments Boosted The Global Corporate Default Total To 53 In 2011, Article Says Jan 12 Product Image

Missed Payments Boosted The Global Corporate Default Total To 53 In 2011, Article Says Jan 12

  • Published: January 2012
  • Region: Global
  • Standard & Poors

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Abstract
NEW YORK (Standard & Poor's) Jan. 5, 2012--Global corporate defaults totaled 53 in 2011, roughly two-thirds of the default total in 2010, according to an article published today by Standard & Poor's Global Fixed Income Research, titled "Missed Payments Dominated Global Corporate Defaults In 2011." "On a regional basis, 39 defaults were based in the U.S.," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. The other developed region (Australia, Canada, Japan, and New Zealand) had the next greatest number of defaults with seven. Europe had four, and the emerging markets had three. Default counts declined in 2011 across all regions but Europe, where defaults doubled compared with 2010. "Missed interest and/or principal payments were the primary...

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 READ MORE >

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