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Capital Restructuring | Third Quarter 2015

November 2015 – Moody’s default rate finished the third quarter at 2.1%, while the S&P default rate rose to 2.5%, its highest level since 2013. According to Moody’s, increasing liquidity pressures in the oil and gas industry are likely to propel a rise in the default rate to a four-year high of 3.8% in October 2016.

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November 14, 2015