Capital Restructuring | First Quarter 2016

May 2016 – Moody’s and S&P are expecting year-end default rates to continue to climb from current levels. According to Moody’s, defaults during 2016 will likely continue to be concentrated in a select number of industries, led by Metals & Mining and Oil & Gas, and is forecasted to reach 6.2% by year end. S&P reported a 3.8% default rate at the end of Q1 2016, slightly lower than their 2016 year-end forecast of 3.9% and then climbing to 5.3% by the end of Q1 2017, as low commodities prices will continue to plague debt issuers from those sectors.

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