Default rates fall sharply
The default rate for speculative-grade companies in Western Europe was 3.8% at the end of December 2010 — below the 2003-2010 average of 4%, and down from 13.6% 12 months earlier, according to a report by Standard & Poor’s.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts