Capital Restructuring | Second Quarter 2016

August 2016 – Default rates reported by both Moody’s and S&P climbed to 5.1% and 4.3%, respectively, during the Second Quarter. According to Moody’s, defaults are expected to worsen before improving in 2017. Commodity-related sectors are still under distress, including Metals & Mining and Oil & Gas. Moody’s reports that the default rate is forecasted to finish the year as high as 6.4%.