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13.01.2016 21:15:00
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Moody's: Global spec-grade default rate almost doubled in 2015 and will rise in 2016
New York, January 13, 2016 -- The global speculative-grade default rate rose to 3.4% at the end of 2015 with a total of 108 defaults, roughly double the 55 defaults in 2014. The rate will continue to increase as volatility in the oil & gas and metals & mining sectors, along with slowing growth in China, stress the credit metrics of speculative-grade issuers, says Moody's Investors Service.
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