HALISTER1: U.S. June HY Default Rate Rose to Highest Since 2010, Says S&P

U.S. June HY Default Rate Rose to Highest Since 2010, Says S&P

(Bloomberg) -- U.S. speculative-grade default rate rose to 4.3% in June with five defaults, the highest since August 2010, according to a report from S&P Global Ratings.
  • “We expect the U.S. corporate trailing-12-month speculative-grade default rate to rise to 5.3% by March 2017,” says Diane Vazza, head of global fixed-income research
  • Investment-grade issuance fell to $56 billion in June from $151.3 billion in May, and junk-bond sales slipped to $23.3 billion from $23.6 billion
  • S&P upgraded 25 companies and downgraded 46 companies in the month
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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SPGI US (S&P Global Inc)

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Diane Vazza (Standard & Poor's Financial Services LLC)

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