"We expect a substantial increase in the default rate in 2008. Certainly, the number of defaults we've had in January alone signals that default rates are on the increase."
-- Kenneth Emery, a senior v.p. at Moody's Investors Service, on the expected number of defaults this year.
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
