Capital Restructuring | Third Quarter 2017

November 2017 – Both Moody’s and S&P reported a drop in the default rate at the end of the Third Quarter 2017 to 3.3% and 3.1%, respectively. Both credit rating agencies forecast a further decline in the default rate, with Moody’s expecting the default rate to close the year at 3.1%, and S&P expecting the default rate to decrease to 2.8% by June 2018.