Bangkok--7 Jun--Standard & Poor's
Despite global risk aversion making a comeback after the sovereign debt struggles in Europe, the U.S. speculative-grade default rate fell to an estimated 6.7% at the end of May, said an article published today by Standard & Poor's, titled "U.S. Credit Metrics Monthly: Default Rate Fell To An Estimated 6.7% In May (Premium)."
"The preliminary estimate for the U.S. 12-month-trailing speculative-grade default rate in May of 6.7% is down from a high of 11.3% in November 2009 and 8.4% in April 2010," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research. "The default rate is still above its long-term average of 4.5%, and it remains a lagging indicator to the overall economy."
In May, Sagittarius Restaurants LLC was the only company that defaulted in the U.S. This compares with a total of 24 defaults at the same time in 2009.
For subscribers who have access to the Global Credit Portal, click here for the article "U.S. Credit Metrics Monthly: Default Rate Fell To An Estimated 6.7% In May." For subscribers who have access to premium Global Fixed Income Research content, find the article here "U.S. Credit Metrics Monthly: Default Rate Fell To An Estimated 6.7% In May (Premium)." For more information or data inquiries, please call Client Services at 1-877-772-5436.
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