New York, June 03, 2016 -- Rising defaults in the oil and gas sector helped Moody's Liquidity-Stress Index (LSI) ease to 9.3% in May from 10.2% in April, the rating agency says in its most recent edition of SGL Monitor Flash. The improvement did not signal any shift in fundamental liquidity conditions for US speculative-grade companies, with the index still well above its long-term average.

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