กรุงเทพฯ--21 ส.ค.--Standard & Poor's
Standard & Poor's U.S. investment-grade composite credit spread compressed a bit to 271 basis points (bps) yesterday, 4 bps tighter than Monday's level. By comparison, this is more than 79% wider than the five-year moving average and 33% wider than at the beginning of the year. With continued pressure on financial institutions and banks, investment-grade credit spreads are expected to remain range-bound at present high levels.
Standard & Poor's U.S. speculative-grade composite credit spread remained unchanged at 780 bps, the widest spread since the 802 bps high on March 21, 2008. By comparison, this is 35% wider than the start of the year and 83% wider than the five-year moving average. The speculative-grade credit spread is poised for continued volatility, commensurate with an escalation in speculative-grade defaults over the course of this year.
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