Wednesday 13 May 2015

Moody's: Global spec-grade corporate default rate eases to 2.2% in April

Moody's default rate forecasting model now predicts that the default rate will end 2015 at 2.6% 

Moody's Investors Service trailing 12-month global speculative-grade default rate closed at 2.2% in April 2015, down from March's rate of 2.3%. 

The latest reading came in close to the rating agency's year-ago prediction of 2.5%. Moody's default rate forecasting model now predicts that the default rate will end 2015 at 2.6%.

 If realized, the rate will be well below the historical average of 4.5%.

 Moody's Monthly Default Report includes speculative-grade default statistics by region and industry, as well as year-ago rates and year-ahead forecasts.

 It also provides recent rating transition data, Moody's global distressed index data and default rates among Moody's-rated loan issuers.

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