Speculative grade default rates to climb to highest in a decade, S&P predicts

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Speculative grade default rates to climb to highest in a decade, S&P predicts

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An S&P Global logo as it appears in Washington, D.C., as seen on September 8, 2019. (Graeme Sloan/Sipa USA) | Graeme Sloan/SIPA USA/PA Images

Standard & Poor’s expects the European default rate to climb to the highest level seen since the fallout from the last financial crisis.

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