Moody's: Global speculative-grade default rate up in October; commodities firms account for half the month's defaults
New York, November 09, 2016-- Moody's global speculative-grade default rate closed at 4.7% for the trailing 12- month period ended 31 October, up from 4.5% in September, the rating agency says in its latest global default monitor. Commodity sectors continue to see the most defaults, accounting for four of the eight defaults among Moody's-rated companies last month. "Some 60% of the 124 defaults seen so far this year have occurred in the commodities sectors," said Sharon Ou, a Moody's...
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:
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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.
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