The global speculative-grade corporate bond default rate has fallen for the fifteenth month in succession since the peak in January 2002, according to a Moody’s report released today. Default rates fell to 6.1% in June, falling from 6.5% in May. The peak, in January 2002, stood at 10.9%.
The positive results have been recorded across a number of regions. The default rate for US domiciled issuers fell to 5.8% in June from 6.2% in May, while the European speculative-grade default rate fell to 10.9%
Thanks for your interest in Euromoney!
To unlock this article:
