Moody's: EMEA companies at highest default risk hit record high in 2016, slower pace likely in 2017
London, 02 February 2017-- The number of EMEA spec-grade companies at the highest risk of default remained at a record high of 60 for the second quarter running as upgrades and rating withdrawals offset downgrades in Q4 2016, says Moody's Investors Service in a new report. In 2017, Moody's expects this number to grow at a slower pace after nearly doubling in 2016 due to a slew of downgrades in the energy and metals& mining sectors on oil/commodity price weakness.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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