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Junk Bond Defaults Will Double or More This Year - Moody's

Posted on April 17, 2008

The global speculative-grade corporate default rate is likely todouble or more from its current level of 1.5% by the end of the year,Moody s says in a new Special Comment.Underlying this forecast are recent large increases in high yieldbond spreads, which are historically highly correlated with corporatedefault rates....

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default rate , speculative