Capital Restructuring | Fourth Quarter 2019

February 2020 – At the end of 2019, Moody’s and S&P reported default rates of 4.2% and 3.1%, respectively. According to S&P, the oil and gas sector and retail and restaurant sector led defaults in 2019. Moody’s expects the default rate to moderate to 3.5% by the end of 2020, assuming no severe deterioration in their macroeconomic assumptions, while S&P forecasts the default rate to rise to 3.9% by September 2020.

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