European speculative grade default rates to hit highest levels ever, says Moody’s

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European speculative grade default rates to hit highest levels ever, says Moody’s

Moody’s is predicting that European speculative grade default rates will hit 18.3% by the end of the year — the highest default rate of speculative grade debt ever seen in Europe. The figure implies that about 55 rated European companies will default over the next year.

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