Corporate Default Rate Nearing Cyclical Peak: Moody'sMani
With large corporations witnessing a declining number of bankruptcies, Moody’s Investor Services believes the U.S. high yield default rate won’t rise beyond 6% in the year ahead. Benjamin S. Garber highlights in his November 11 research piece titled “Corporate Shakeout Has Default Rate Pointing Lower” that the improved default outlook is aided by the perception of brighter prospects for the oil sector.
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