Default, Transition, and Recovery: The U.S. Corporate Default Rate Is Forecasted To Rise To 3.3% In 2012 Feb 12
- Language: English
- Published: February 2012
- Region: United States
NEW YORK (Standard & Poor's) Feb. 2, 2012--The stronger showing of the economy as of late may not be a reliable indicator of a strong economy for the remainder of the year, said an article published today by Standard & Poor's Global Fixed Income Research, titled "The U.S. Corporate Default Rate Is Forecasted To Rise To 3. 3% In 2012." The increased momentum of the U.S. economic recovery has reduced the risk of another recession. The labor market is improving, businesses appear to have more confidence, which have lead to greater investment and increased hiring, and consumers are spending a little bit more. However, strong headwinds remain and volatility continues to characterize the recovery. While the risk of another recession...
Action: General Comment
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Research type: News
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