Moody’s, S&P clash on direction of US HY defaults, clock 2013’s first losers

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Moody’s, S&P clash on direction of US HY defaults, clock 2013’s first losers

Defaults on European high yield debt will rise this year, Moody’s predicts, while US defaults will fall back from their present higher level. S&P disagrees, forecasting US defaults to rise.

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