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Global Junk Bond Default Rate Doubles in 5 Months - Moody's

Posted on June 10, 2008

The global junk bond default rate rose to 2.0% in May from 1.7% in April, according to Moody s Investors Service. A year ago, the global speculative-grade default rate stood at 1.5%. In the first five months of 2008, the global default rate doubled itself from a level of 1.0% at the end of 2007, Moody s said in its latest report on the sector....

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junk bond , speculative