Capital Restructuring | First Quarter 2019

May 2019 – At the end of First Quarter 2019, Moody’s and S&P reported default rates of 2.4% and 2.1%, respectively. Moody’s reports that defaults were led by companies in the business services and retail sectors and forecasts the default rate will fall to 2.2% at year-end. S&P expects the default rate to reach 3.1% by December, up from 2.4% at year-end 2018, given more restrictive credit cycle conditions and multiple geopolitical pressures in the latter part of 2019.

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